Hi Batcher. XTE has been an interesting prospect for some time but has had a string of setbacks which hopefully are now history. To me the reasons for the run are:
- sadly for the world military equipment will be more in demand for at least a while and if the XTE products are as good as XTE say (and we shareholders hope) there will be more orders like today's. Maybe the market is just realising that.
- XTE has traditionally been a tightly held stock which means it moves up smartly on small amounts of buying. As long term holders have seen it works the other way too! I do not have the latest numbers but I think the three top shareholders now control at least a third of issued capital. It used to be tighter but there have been several CRs in the last couple of years which broadened the shareholder base somewhat.
- there is new management in place which reports they have taken out about $3m in annual overheads. No point in looking backward but what I think it means is we now have outgoings on R&D as well as administration more in line with income. I hope so anyway.
Other long term holders will have their own reasons I am sure.
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $13.34M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.0¢ | $1.176K | 9.383K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 32417 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 44770 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 32417 | 0.125 |
3 | 122710 | 0.120 |
4 | 242072 | 0.115 |
6 | 49685 | 0.110 |
4 | 156750 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 44770 | 2 |
0.135 | 13088 | 2 |
0.140 | 235910 | 5 |
0.160 | 27142 | 2 |
0.165 | 36911 | 1 |
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