The dividend being released is a big bull factor for me imo.
Unless management are really incompetent the idea of releasing 2x dividends with a non-recurring contract (IMOD) gives me confidence that the company does not see itself going into a cash flow negative state in the future. Otherwise a logical management team who were unsure about future cashflows would conserve the cash for the downtime if no contracts eventuated
AVA chart, page-231
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Last
12.5¢ |
Change
0.010(8.70%) |
Mkt cap ! $36.19M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 12.0¢ | $61.55K | 495.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27627 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 294627 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| AVA (ASX) Chart |