You just need to read the below figures to work out why this is crashing.
$1.6m revenue for a $6b market cap.
To say this has got way ahead of itself would be an understatement.
I'd be looking at some sort of premium to the $2.70 per share valuation they did the raise at.
These are just factual numbers once you take out the hype.
This whole sector is so over hyped its not funny.
You just need to read the below figures to work out why this is...
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Last
67.5¢ |
Change
-0.015(2.17%) |
Mkt cap ! $333.2M | |||
| Open | High | Low | Value | Volume |
| 69.5¢ | 69.5¢ | 67.0¢ | $772.6K | 1.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 255201 | 67.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 67.5¢ | 9168 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| NVX (ASX) Chart |