It's a bit funny. Months ago people were looking at CDY and talking about a target price of $2.50 or more.
$2.50 per share would have meant a market cap of $154 million given the number of shares on issue before the raising.
This stock was supposed to be a multi bagger when it was at $30 million market cap. Now CDY will have a fresh $10 million in the bank and will have a market cap of under $44 million even if the share price goes back to $0.50, and assuming 88 million shares on issue.
If you take the aforementioned 88 million shares and a market cap of $154 million as a base, $2.50 per share would now come down to $1.70. But even if you were buying at $0.50 that would still mean a 3+ times bagger.
CDY has never had a better chance to achieve their goals than now. They do have to deliver now though. Deals. And significant improvement in sales.
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Mkt cap ! $3.690M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $336 | 42K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 1457234 | 0.8¢ |
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Price($) | Vol. | No. |
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0.9¢ | 340000 | 1 |
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No. | Vol. | Price($) |
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3 | 1457234 | 0.008 |
2 | 1111500 | 0.007 |
4 | 1006527 | 0.006 |
1 | 300000 | 0.005 |
2 | 525000 | 0.004 |
Price($) | Vol. | No. |
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0.009 | 340000 | 1 |
0.011 | 100000 | 1 |
0.012 | 100000 | 1 |
0.013 | 750000 | 1 |
0.015 | 440000 | 3 |
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