I agree with you on value.
Perhaps there are two different conversations - current daily SP, and market cap.
I think we are undervalued but given recent share price movement in the current market, this volatility can be expected.
As an example, if RNU ran from 40.5c to 48.5c, then back to 45c (like it has now in the 20s) id see that as expected. So im disregarding market cap/value as I discuss daily price action.
2022 was a very difficult year, but zoom out and look at the RNU chart. A very clear and strong trend upwards.
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Last
9.8¢ |
Change
0.005(5.38%) |
Mkt cap ! $249.0M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 10.0¢ | 9.3¢ | $831.2K | 8.461M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25900 | 9.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RNU (ASX) Chart |