ZNO IMO is never going to be classified as a nano technology or biotech company.
It's not investing millions in new technology to develop patents that will last for decades etc.
ZNO will be classified as a non discretionary goods or non cyclical goods IMO.
Clorox is probably the closest profile I've so far come across.
'The Clorox Company is a manufacturer and marketer of consumer and professional products. The Company sells its products primarily through mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors.'
https://www.investing.com/equities/clorox-co-company-profile
Obviously CLX is a lot further down the development path & is listed in the US (where companies trade at a higher PE) currently trades on a PE of around 27.
For these reasons I still believe a PE of 35 is not unreasonable at ZNO stage of development.
Company websites mentioning use of Zoono, page-44
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Last
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $8.549M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.6¢ | $7.344K | 195.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 70518 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 32670 | 2 |
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| Last trade - 12.05pm 01/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.003 ( 9.52 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 3.9¢ | 3.6¢ | 99902 | ||
| Last updated 12.05pm 01/05/2024 ? | |||||
| ZNO (ASX) Chart |