At 3 cents this has a market cap (or business value) of $40million due to the huge number of shares on issue. Is this company and it's revenue worth that much (yet)?
I agree with you that at this stage of commercialisation we do need to see more evidence of MRR's before the shares will rise. It's the one missing ingredient and at this point becoming the most important one for determining the share price direction.
Ann: Monthly Investor Update Webinar, page-88
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.173M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $5.495K | 1.253M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 7815064 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 3904450 | 10 |
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| ODE (ASX) Chart |