This stock has come on my radar due to its recent upward move (100% in 2 months on elevated volume !). Where there is smoke there is always fire.
But on further analysis it only has around 6 months cash left before its bust and basically makes no revenue despite having > $20m market cap.
It seems to be a business established to collect government grants (and capital from retail speculators). see half year revenue analysis below.
No doubt there will be either a capital raise shortly or it will just go bust, neither is beneficial for the stock, so why is it up 100% in 2 months? what am I missing?
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- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-13
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.328M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $85 | 21.33K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 11923978 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 10995070 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 11923978 | 0.004 |
14 | 9215235 | 0.003 |
9 | 7144004 | 0.002 |
3 | 4800000 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 10995070 | 20 |
0.006 | 5256236 | 15 |
0.007 | 673366 | 3 |
0.008 | 1066203 | 6 |
0.009 | 307450 | 3 |
Last trade - 15.50pm 13/05/2024 (20 minute delay) ? |
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Last
0.4¢ |
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
0.4¢ | 0.4¢ | 0.4¢ | 158480 | ||
Last updated 11.41am 13/05/2024 ? |
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MGU
MAGNUM MINING AND EXPLORATION LIMITED
Neil Goodman, MD
Neil Goodman
MD
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