With all the new shares, MC is effectively $767m which is the same level it was at in February before the Covid crash... for perspective the ASX 200 is still down 20% since February. I expect this will fall to 80c on Wednesday when the new shares start trading. After that it could fall to 70c or remain steady depending on how the Covid19 situation progresses. In my opinion the market lows of March 23 will be revisited and this will fall further, maybe it's a buy at 50-60c now that the debt has been recapitalised.
GEM buy?, page-193
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Last
$1.29 |
Change
0.005(0.39%) |
Mkt cap ! $1.040B | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.30 | $1.28 | $1.222M | 951.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5295 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 31405 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| GEM (ASX) Chart |