I'm not sure why it might be good; still waiting for more knowledgeable sorts to advise on possible timing of payments on those orders as well as what MCE may have had to sacrifice to acquire said orders. Remember that they indicated competitive pressures and unfavourable exchange rates. I anticipate margins got crunched and whatever discount rates used to justify the new plant to be revised upward. I can see them using improved operational Q4 to announce big writedowns. I'm with Jamwolf who made a decent and timely punt; this uptick may well be the time to exit rather than enter.
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Mkt cap ! $79.45M |
Open | High | Low | Value | Volume |
35.5¢ | 35.5¢ | 34.5¢ | $10.95K | 31.47K |
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No. | Vol. | Price($) |
---|---|---|
1 | 18063 | 34.5¢ |
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Price($) | Vol. | No. |
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36.0¢ | 43672 | 2 |
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No. | Vol. | Price($) |
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1 | 18063 | 0.345 |
3 | 41599 | 0.340 |
1 | 7200 | 0.335 |
1 | 15000 | 0.330 |
1 | 1700 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 43672 | 2 |
0.365 | 50487 | 4 |
0.395 | 20000 | 1 |
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