Yes, some companies are burning cash AND have have high valuations. It is all about the expectation that they will become highly profitable in the future, which drives the share price at present. Maybe with this stock, there is no such expectation any longer.
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-16
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Mkt cap ! $2.991M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $2.056K | 205.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2050146 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 106666 | 2 |
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