Yes, that was my point @papstock and it was linked to the fundamental value I perceive SPQ is worth and as such is undervalued. Yes, I do use MC for a quick scan it is a very useful measure, but be aware of its limitations in spec stocks.
Misconceptions About Market Caps
Although it is used often to describe a company, the market cap does not measure the equity value of a company. Only a thorough analysis of a company's fundamentals can do that. It is inadequate to value a company because the market price on which it is based does not necessarily reflect how much a piece of the business is worth. Shares are often over- or undervalued by the market, meaning the market price determines only how much the market is willing to pay for its shares. Although it measures the cost of buying all of a company's shares, the market cap does not determine the amount the company would cost to acquire in a merger transaction. A better method of calculating the price of acquiring a business outright is the enterprise value. Source: Investopedia
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Yes, that was my point @papstock and it was linked to the...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.01M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $1.278K | 142K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 4116404 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 4357386 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2260000 | 0.008 |
5 | 1013713 | 0.007 |
9 | 2229219 | 0.006 |
6 | 975966 | 0.005 |
3 | 3130009 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 4357386 | 2 |
0.011 | 1116537 | 2 |
0.012 | 2878896 | 4 |
0.013 | 425000 | 3 |
0.014 | 1000000 | 1 |
Last trade - 10.19am 06/09/2024 (20 minute delay) ? |
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SPQ (ASX) Chart |