I’ve been a supporter of MCA for a while but I’m just not seeing the traction to grow into that $100m market cap. With fish stocks increasing much faster than sales I can see the cash burn increasing and the prospect of a capital raise. I still think the underlying story is good but I suspect the potential won’t be realised until there is a fresh equity injection and new management.
MCA Price at posting:
18.0¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)