There are setbacks in every company's life. The volatility is even higher amongst those, which don't have established distribution channels, diverse revenue streams, products or even a customer base. The lack of these factors put AXE (and several other junior firms) under severe stress once bad macro news kick in.
My concern is more around the management's decision on not scaling back the SPP even though they probably knew they have nothing in the barrel for the near future. My advice is try not to check the SP every second, we are now all here for the long run (6-12 months).
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Last
28.0¢ |
Change
0.005(1.82%) |
Mkt cap ! $71.35M |
Open | High | Low | Value | Volume |
27.0¢ | 28.0¢ | 26.0¢ | $69.14K | 255.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 27.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
28.0¢ | 50715 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.270 |
1 | 2995 | 0.260 |
4 | 40793 | 0.255 |
2 | 80000 | 0.250 |
1 | 100000 | 0.245 |
Price($) | Vol. | No. |
---|---|---|
0.280 | 50715 | 5 |
0.285 | 37937 | 5 |
0.290 | 269665 | 4 |
0.295 | 282843 | 7 |
0.300 | 198647 | 6 |
Last trade - 15.40pm 01/11/2024 (20 minute delay) ? |
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AXE (ASX) Chart |