Have to agree. Market Cap. of $1 billion was ridiculous for the stage of development they are at. Correction was inevitable, and it has been swift and brutal, so no reason to think it is over yet. As I said before, sentiment is very bearish - another 'positive' announcement, and another sell off. Is 60c / circa $500 million market cap. cheap? I would NOT have thought so! Implies earnings of $50 million per year. Yet there appears to be a lack of customers at this point in time, so obviously the market will discount accordingly. A 66% pull back is still on the table in my mind i.e. 40c. This would be great for those folks who love to catch a falling knife! As another poster stated, small caps. not fairing well at the moment with the flight to safety / cash. Danger Will Robinson, danger!
Have to agree. Market Cap. of $1 billion was ridiculous for the...
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Last
95.5¢ |
Change
-0.025(2.55%) |
Mkt cap ! $891.7M | |||
| Open | High | Low | Value | Volume |
| 99.0¢ | 99.0¢ | 95.0¢ | $1.238M | 1.286M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55862 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.0¢ | 8054 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
96.0¢ |
Change
-0.025 ( 1.70 %) |
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| Open | High | Low | Volume | ||
| 98.5¢ | 98.5¢ | 95.3¢ | 418222 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| A4N (ASX) Chart |