Yikes, buyer side has dried up following the latest quarterly.
I would not be buying more at this stage as I think the market will want to see the cash position improve before confidence returns.
$6.7m liquidity available but they just burned through approx $1.5m cash this quarter from operating and investing activities.
Could be looking at another cap raising within 12 months if revenue doesn't pick up in the next quarter or so.
Happy to hold for now, but I would have been a buyer at these prices if cash burn wasn't so high this quarter.
ECS Price Action, page-2195
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Last
1.7¢ |
Change
0.001(6.25%) |
Mkt cap ! $20.61M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.6¢ | $17.55K | 1.051M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1193399 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1978464 | 4 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| ECS (ASX) Chart |