The signs are indeed good for PYC and they seem to be sticking to the plan. Can't ask for more.
The latest announcement is further evidence of this and hopefully there is more to come.
I am however concerned about the cash position of the business. The latest deal was not enough to plug the gap given the high current burn rate.
I see another capital raising in the pipeline unless another larger up-front deal (unlikely) is announced very soon. This is one possible reason for the sp action?
delivery 101, page-5
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Last
9.9¢ |
Change
-0.006(5.71%) |
Mkt cap ! $489.9M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.8¢ | $355.7K | 3.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57777 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 207694 | 5 |
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| Last trade - 13.43pm 29/07/2024 (20 minute delay) ? |
| PYC (ASX) Chart |