However, it also has more than a just a good chance of coming good. A lot of successful companies have started life as high risk stocks.
*A long way down the track to potential commercialisation.
*Funding not an issue.
*Quiet a few potential positive announcements in the pipeline.
*Fundamentals extremely good.
*Stock being held tightly and not being sold off as some would like us to believe. "Sell off" days, over past month, have been on very very low volmes. e.g., today only $130K worth of shares have sold of a total value of $19m capitalisatio.
*The sellers are small traders who have different strategy to investors. Some sellers are also very small investors who wrongfully believe that there is a huge sell off going on.
No announcements have been made. Company is not concerned about inventing news just to get SPP over line. They are focusing on big picture.
it is still a high risk stock
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 133736 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |