It's disheartening, it's been a rough ride to date for retail investors.
You're on the ball with the unfortunate uptake and influence of algorithmic trading on small-cap stocks like MX1. Unfortunately, it doesn't look like ASIC will ever be able to get on top of the form of trading that seems to be occurring here. We will just have to lean on the fact that in the long term SP trends in the direction of fundamental improvements in the business and future earning capacity - which seem to be improving day by day with this company despite the market suggesting otherwise.
It just doesn't make any sense that a 21 million dollar contract is landed with the DHS/TSA, and the market responds by valuing the company a mere half a cent higher per share than this time last week before the announcement. But in that nonsense lies a potential opportunity, that is if I can remain somewhat sane waiting half a decade to see if we were right on this one.
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It's disheartening, it's been a rough ride to date for retail...
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Last
9.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.38M |
Open | High | Low | Value | Volume |
9.0¢ | 9.0¢ | 9.0¢ | $9.851K | 110K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 242132 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8000 | 0.089 |
7 | 263771 | 0.088 |
5 | 1047877 | 0.087 |
5 | 204522 | 0.086 |
4 | 488355 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 242132 | 1 |
0.091 | 394499 | 1 |
0.092 | 532784 | 1 |
0.093 | 55555 | 1 |
0.094 | 20501 | 1 |
Last trade - 14.02pm 08/05/2024 (20 minute delay) ? |
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