SCU SP has seen strong gains over the past few weeks and trade volumes are improving. We seem to be attracting managed fund money into the register, even as CommSec tax loss sellers are exiting
Over coming days/weeks, with the cash hoard the company is sitting on, there's potential for a big announcement (acquisition or JV) to drop
And in the absence of that, the next big inflection point will the upcoming quarterly. If the company can show it's building revenue and/or shrinking operating losses, the SP should react positively
Quarterly might also include some commentary about China's CBD cosmetics policy directive and what that mean for company strategy moving forward
Chart - SCU, page-335
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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22 | 30984499 | 0.2¢ |
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No. | Vol. | Price($) |
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12 | 82411999 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 5883363 | 4 |
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