Remember it jumped around 70%-100% when news came out? It could happen again after so much selling and so many weeks of staying under 20c. Frankly, if it gets over 20c, I will set a stop-loss order at 20c and wait. It could jump to 40c before crashing down to 12c. Who knows? If it goes up, I will just nudge the stop-loss order up and also take some off the table as it goes up. The future looks dark.
When a hemp company goes off from the real staple of industrial hemp and venture into the speculative CBD oil market it's chasing a bubble that could burst any time. Huge mistakes have been made at Elixinol to waste money on the future that does not exist. For example, they spend hundreds of thousands on eCommerce implementation when the current needs only require a solution that costs about $5000! It's was about chasing the hype about sales that did not exist. They should have stayed with stable and low-cost stuff like HempFood and grow the CBD oil very slowly and wait for market opportunity. Millions have been wasted on marketing, market development, staff cost, IT system, ... and now they face an existential problem.
Remember it jumped around 70%-100% when news came out? It could...
Add EXL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $5.204M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $20 | 5.118K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 20804145 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 6611473 | 7 |
View Market Depth
| Last trade - 12.05pm 16/05/2024 (20 minute delay) ? |
|
|||||
|
Last
0.5¢ |
Change
-0.001 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 0.4¢ | 0.5¢ | 0.4¢ | 250800 | ||
| Last updated 10.21am 16/05/2024 ? | |||||
| EXL (ASX) Chart |