I think people may get buying opportunity at a decent price point (below $1.5) tomorrow due to US market being down on Friday. However, ZNO should have an inverse correlation to the rest of the market, and direct correlation to the virus spread globally. So the SP can go either way. Once there is more positive news/ ANNs for ZNO, IMO it would be hard to get ZNO below $1.5.
My guess is minimum annual revenues in excess of $75Mn, do you can buy the company for 3.5 times sales. There is simply no reason for the market cap to be any less than 2X or 3X from here once next QR is released. All IMO, DYOR.
Company websites mentioning use of Zoono, page-43
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Last
3.0¢ |
Change
0.003(11.1%) |
Mkt cap ! $6.412M | |||
| Open | High | Low | Value | Volume |
| 2.9¢ | 3.0¢ | 2.8¢ | $2.297K | 76.62K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35640 | 2.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.0¢ | 2411 | 1 |
View Market Depth
| Last trade - 15.44pm 07/05/2024 (20 minute delay) ? |
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Last
2.8¢ |
Change
0.003 ( 3.45 %) |
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| Open | High | Low | Volume | ||
| 2.7¢ | 3.0¢ | 2.7¢ | 41920 | ||
| Last updated 15.39pm 07/05/2024 ? | |||||
| ZNO (ASX) Chart |