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
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Mkt cap ! $180.6M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.0¢ | $122.4K | 899.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17486 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 843364 | 18 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
14.0¢ |
Change
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| Open | High | Low | Volume | ||
| 13.5¢ | 14.0¢ | 13.0¢ | 298482 | ||
| Last updated 15.58pm 24/05/2024 ? | |||||
| ASN (ASX) Chart |