The thing about small caps is that if they want to improve market cap, they must provide shareholders and watchers with regular positive announcements and updates. Demand fuels SP increases. Why would anybody want to pick up a stock if they are not being given the bait to?
I am a holder, and I must admit, I am surprised given recent announcements that we are sitting at 0.014. I would have thought that institutions would have jumped on this in large quantities and strategically held until drilling is complete. With Lithium on board as well now, I would have expected a market cap closer to $20m as an absolutel minimum, given comparisons against other Graphite and Lithium stocks.
Ann: Update on Canadian Lithium and Graphite Projects, page-59
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Last
13.0¢ |
Change
-0.010(7.14%) |
Mkt cap ! $8.127M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 13.0¢ | $3.55K | 27.30K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55449 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 1936 | 1 |
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| Last trade - 13.41pm 18/11/2024 (20 minute delay) ? |
| ADV (ASX) Chart |