Hi Amfas ... honestly - no. (It would take a market melt-down now, which is not out of the question.)
I think the opposite happens ... the weekend sees people "find" ECS and it most likely continues to run (at least to the previous high of 7.5) then stalls a little but I believe 10c is the first interim target now ... MC of $67m (10c) is still cheap (that MC is a little vague as there is a little dilution with the need to ratify deals).
The great thing about ECS is - it's a growth company ... no debt and likely profit (PE) in ? a few years. In this financial environment that's GOLD.
My sentiment is BUY and I believe it.
ECS Chart, page-6
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 (20min delay)
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $23.19M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.8¢ | $23.40K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1128923 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 319420 | 2 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
-0.001 ( 5.26 %) |
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| Open | High | Low | Volume | ||
| 1.9¢ | 1.9¢ | 1.8¢ | 667302 | ||
| Last updated 15.53pm 07/05/2024 ? | |||||
| ECS (ASX) Chart |