Hi Composer, In my opinion that reason why the share price still stuck at this level is basically lack of buyers interests, especially with no institution support, and institution players won't touch this stock now because the company has very low cash reserve and also high cash outflow, it does not matter how many times the board reiterated they don't need to raise capital, they only believe what they have seen but not what they have been told, that is why they don't come first but certainly they won't be the last. Unless there are some insider trading and then they can make some quick money.
The company will need to show potential buyers with steady increase in cash inflow quarter by quarter, otherwise any potential retail buyers with little research done will always come and say the same thing, this company will need a CR in few months time.
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Last
8.2¢ |
Change
0.001(1.23%) |
Mkt cap ! $110.0M |
Open | High | Low | Value | Volume |
8.0¢ | 8.2¢ | 7.8¢ | $45.92K | 571.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11598 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.2¢ | 45862 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11598 | 0.080 |
2 | 14247 | 0.079 |
1 | 25000 | 0.077 |
2 | 52480 | 0.076 |
4 | 72700 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.082 | 45862 | 2 |
0.083 | 6451 | 1 |
0.084 | 364108 | 2 |
0.085 | 119063 | 3 |
0.089 | 40000 | 1 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
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