There are heaps of 25c+ bag holders who have been tortured by the price action and are looking to get out. Can't really blame them. There were a few pumps and dumps w/o any real news in the past that took the price to 2c and then quickly crashed back to 1.4-1.6c. I assume this has created this traumatic response to get out at any chance. But personally I think the fundamentals of the stock has changed and the price action upwards will not be constitute a fake out any more. YMMV of course.
This is not a fast moving niche industry in terms of sales cycles and updates. It takes a lot of work and some luck to land another deal. Short term traders or even medium term investors should take caution. My horizon for it is ~2 to 3 years and at that horizon CXZ is much less risky. My entry price is around current level and I'd be soaking a bit more at 1.5-1.6c. So if you are looking to get out, please feel free to.
IIR Initiates Coverage: 4.7c price target (DCF base case), page-135
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.27M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3275077 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 647002 | 5 |
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| Last trade - 16.21pm 26/06/2025 (20 minute delay) ? |
| CXZ (ASX) Chart |
Day chart unavailable