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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Hi Batcher. XTE has been an interesting prospect for some time...
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Mkt cap ! $20.02M |
Open | High | Low | Value | Volume |
20.0¢ | 20.0¢ | 19.5¢ | $20.37K | 103.1K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 5570 | 19.5¢ |
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Price($) | Vol. | No. |
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20.0¢ | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5570 | 0.195 |
2 | 8998 | 0.185 |
1 | 30000 | 0.180 |
2 | 83500 | 0.175 |
2 | 71470 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 2500 | 1 |
0.210 | 30841 | 2 |
0.220 | 17204 | 1 |
0.225 | 10000 | 1 |
0.230 | 31000 | 1 |
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