It helps to understand the stock better once you can explain why the SP is lacking torque. Cuz once the issues are fixed or given enough time to iron out, the rocket ship can resume the launch.
$500M market cap is actually too cheap. The SP should be at least in the $3's given the advanced stages of the projects. There is high likelihood of the mining services contracts extending and them winning additional work. Hopefully with financing and confirmation of the production timelines will bring back some buying. Also clarification on PD capex is very important for market pricing. More certainty will bring back buyers. Hardcore supporters not going anywhere but need to win new fans!
It helps to understand the stock better once you can explain why...
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Last
$2.04 |
Change
-0.040(1.92%) |
Mkt cap ! $526.4M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.08 | $2.00 | $924.4K | 453.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.07 | 9353 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DVP (ASX) Chart |