I too exited in recent months due to cash burn, but keep following, and will continue to do so although not closely. There is no denying the product is quite good, but the market penetration always seems to be lacking. I have never been able to get clear on what mix of volume of fish sold/market price/costs enables MCA to break even. Wasn't comfortable with that in light of the cash burn, even if it is to grow.
I too exited in recent months due to cash burn, but keep...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $137.4M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.0¢ | 12.0¢ | $28.34K | 230K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 302600 | 8 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MCA (ASX) Chart |