V interesting - I'm still on the sidelines until more data, but no denying sentiment is there. My reading is that the current price puts this company at a market cap of $75million. For a company with less than $10 million cash in the bank and sales revenue projected at less than $10 million (even on extreme optimistic forecasts) and negative cash flow from operations, the share price performance is remarkable (IMHO). Their growth in expenditure is outpacing growth in revenue (as expected when trying to build their business) so it seems early days to have such a push to such a price. I guess people are really betting on the growth turning this around to profitablility sooner rather than later.
I hope the confidence in the stock runs true and is rewarded! One thing I do like is they intend keeping the market updated on sales early on. Will be watching how this plays out. Good luck.
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V interesting - I'm still on the sidelines until more data, but...
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $56.36M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 12.0¢ | $68.52K | 539.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 106539 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 62105 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 106539 | 0.120 |
3 | 773226 | 0.115 |
2 | 141547 | 0.110 |
2 | 140000 | 0.105 |
2 | 280000 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 62105 | 1 |
0.135 | 569464 | 5 |
0.140 | 652220 | 6 |
0.145 | 15030 | 2 |
0.155 | 30000 | 1 |
Last trade - 15.19pm 14/11/2024 (20 minute delay) ? |
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KYP (ASX) Chart |