The stock has put in a 'false break' of 3c, and given a buy signal on the D and W charts.
The 3mln is not a prop....you can hit it right now if you're so bearish....that's like saying the stock is going to 2c just because 5 people sell at 2.8, 2.9c!!
And I can tell you,,,,the client at Shaw's who sold 2mln at 2.8c last week is probably watching the stock hoping like hell it there are other impatient panic sellers now that send it to 2c.
The bottom line is that the mkt cap will be a lot higher than $50mln if Zeo makes a surprise announcement at any time about a deal with any number of parties.....therefore, some of that must be priced in.
The sellers here are few in numbers....they don't know anymore than a month ago, but they're bored and they're giving up. Nothing more.
Fundamentally, the stock could be worth hundreds of millions in a few years. And maybe not.
The stock has put in a 'false break' of 3c, and given a buy...
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 (20min delay)
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $64.87M | |||
| Open | High | Low | Value | Volume |
| 3.8¢ | 3.8¢ | 3.7¢ | $16.72K | 449.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 75000 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 500000 | 1 |
View Market Depth
| Last trade - 15.30pm 03/05/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
-0.002 ( 2.63 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 3.7¢ | 3.7¢ | 276527 | ||
| Last updated 12.59pm 03/05/2024 ? | |||||
| ZEO (ASX) Chart |