If the news is reasonable to positive, there is little to no resistance until 42c where in Sept/Oct '23, 26% of the shares in this company were issued.
I would expect there to be a lot of holders who sell back at that level and are happy to break even and get out.
Once we deal with that lot, the next target will be 87 - 90c (the issue price from Feb '22) with possible pullbacks on more of the 42c shareholders taking profits.
The biggest catalyst for this to happen quickly, is reaching cashflow positive and not needing to raise equity at a big discount. If this happens and we are continuing to increase sales significantly while holding margins, then we can start to dream. But not until then!
If the news is reasonable to positive, there is little to no...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.43M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 20.0¢ | $7.298K | 36.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2090 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 7938 | 2 |
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| Last trade - 10.41am 27/09/2024 (20 minute delay) ? |
| NXS (ASX) Chart |