The market cap of EDE is $300M. Its pretty damn good.
Its not going to move higher, like another 10c or another 100M unless some good revenue comes in.
EDE has been full of expectation for a long time now and the expectation is still high. But to keep pumping the SP higher without more revenue actually in the bag is a little bit presumptious.
Big players decide the fate of companies on the stockmarket and they make decisions based on basic metrics. Right now EDE is trading on a PE of about 300 ! I wouldnt really 'EXPECT' it to go alot higher from here until the deals start to flow.
All good things in time.
Half day volume in one trade, page-23
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Last
0.2¢ |
Change
-0.001(25.0%) |
Mkt cap ! $6.162M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $1.818K | 953.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 114606511 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 1183120 | 4 |
View Market Depth
| Last trade - 14.06pm 11/11/2024 (20 minute delay) ? |
| EDE (ASX) Chart |