I don't disagree that it is undervalued and the many other obvious elements people here agree on. In fact, to me the fundamentals haven't changed for the last 3 months.
But I also know that there are hundreds of thousands of investors/SMSF etc that don't care or have no idea about tech or micro-cap stocks unless they get an explicit BUY recommendation from their broker. The reality is that these same investors will probably have no idea about MBE, MIG or any of other 'peers' either. The BUY is the only factor.
Even today there has only been $450K in volume so far. At some point the level of people that believe it is worth $0.97 will be such will soak up the free float and drive the price to that level. If we were at the point now the SP wouldn't have been at 22c less than 5 days ago. The research serves to bring more people to this stock and get the price up.
Broker Report, page-61
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Last
2.0¢ |
Change
0.001(5.26%) |
Mkt cap ! $24.55M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.1¢ | 1.9¢ | $111.7K | 5.640M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 267885 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 1637388 | 4 |
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| Last trade - 15.59pm 30/08/2024 (20 minute delay) ? |
| UNT (ASX) Chart |