RNE 16.7% 0.5¢ renu energy limited

Clean tech trading at 50% to cash

  1. 23,919 Posts.
    lightbulb Created with Sketch. 752
    What an absolute gift, thanks for the heads up @shift

    Trading at a 50% discount to cash backing, no debt and involved in booming industries such as tech, clean energy and agri business

    435M shares on issue - at 3c it's capped at $13M

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    Chart is looking great, coming back from the lows

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    Should easily head towards cash backing of 6c, and higher once they start adding projects and acquisitions to the mix

    Truly crazy when you see shells with $1-2M in cash trade at EV's of $10-15M, here is a tech company with no debt, $26M in a war chest and it trades with a negative EV of $13M

    Absolute bargain to those who have patience
 
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Last
0.5¢
Change
-0.001(16.7%)
Mkt cap ! $3.630M
Open High Low Value Volume
0.5¢ 0.5¢ 0.4¢ $7.91K 1.582M

Buyers (Bids)

No. Vol. Price($)
27 17347433 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 4849364 8
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
RNE (ASX) Chart
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