Sick of seeing this in a downward spiral as I'm sure are many punters holding here, but in my opinion , given the $100m plus MC, and only $22m MC, (an EV of a high $80m), it would appear this could fall much further?
Is an $80m EV sustainable in this market, imo probably not, a $30m EV would sound more on the money which would give a SP here of 4 cents which could still be viewed as high?
Time will tell, this company needs to find an investor wanting in to stop the bleeding in my opinion , but how and why ?
Thoughts
Down down prices are down
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $167.7M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $152.3K | 1.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 567679 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 846775 | 8 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
13.3¢ |
Change
0.000 ( 1.92 %) |
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| Open | High | Low | Volume | ||
| 13.3¢ | 13.3¢ | 13.0¢ | 206887 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| ASN (ASX) Chart |