@Freighter32 I think this approach assumes that the market wasn't pricing in Sole at all when the share price was at 59c, which I very much doubt.
I don't think you can extrapolate the market cap from the production level like that, because part of Sole was already priced in. You'd be better off doing the ratio for other players in the industry and applying that average to COE.
The Orbost numbers have been a slow and steady march towards 50 for the last week, let's hope it continues.
Cheers
@Freighter32 I think this approach assumes that the market...
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Last
21.0¢ |
Change
-0.005(2.33%) |
Mkt cap ! $554.4M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 20.5¢ | $1.009M | 4.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 33530 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.5¢ | 150502 | 3 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
21.0¢ |
Change
-0.005 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 21.0¢ | 21.5¢ | 20.5¢ | 784083 | ||
| Last updated 15.57pm 26/04/2024 ? | |||||
| COE (ASX) Chart |