I think it was clearly the fact the quarterly revenue Q/Q figures growth trend fell out. Nothing more nothing less.
Compared to last quarterly, FIJ made I believe only 40% of previous quarterly revenue. So not only did it not improve, it more than halved.
That is the only reason for the stock price plummet, fueled heavily by US election market uncertainty and now further Covid uncertainty. The ASX queries caused more concern due to that transparency, which certainly would not have helped sentiment.
Given current contracts in place starting to be recognised over the next few quarters and $117k already being locked in for this quarter, I believe FIJ is incredibly undervalued given both current fundamentals and future growth trajectory.
Ann: Letter to Shareholders Annual General Meeting, page-21
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Mkt cap ! $15.07M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 3409016 | 0.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 7196448 | 15 |
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