The company isn't worth what it's trading at currently... That's the long and short of it. The price will slump to fair value. Until you see revenue increase by at least 50%. I've said it a thousand times through the sub forum, 4-5c is a buy, anything else isn't worth the risk.
That's from my own research of course, and that was what I concluded when it was 24c, I said it and got a lot of neigh-sayers. You can of course always average down but then you get into a hole where you're constantly chasing the losses. If they keep bleeding money they will need to keep raising capital. If I was a holder I would be questioning why it has taken so much money to get where they are now. is it a lifestyle business??? Are they even serious about what they're doing, because it really doesn't seem like it.
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $15.16M |
Open | High | Low | Value | Volume |
2.1¢ | 2.1¢ | 2.1¢ | $2.119K | 100.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 303172 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 5596 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 303172 | 0.020 |
2 | 70862 | 0.019 |
5 | 385055 | 0.018 |
5 | 516616 | 0.017 |
1 | 62562 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 5596 | 1 |
0.022 | 951206 | 2 |
0.026 | 476190 | 1 |
0.030 | 80000 | 2 |
0.035 | 120000 | 1 |
Last trade - 14.06pm 07/10/2024 (20 minute delay) ? |
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