Yes agree market cap is probably high for current status.
But....
1) You and I are only dealing with public information and the people aggressively buying this week probably know something you dont. So who is more likely to be right about the appropriate price? ; and
2) Seismic results for Malta are being processed and at some point in the near future the results will be known. This could end up being a very large drill target in very prospective territory. If that is the case, the market cap is not onerous at all.
acturtle
lost the plot, page-3
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Last
1.5¢ |
Change
0.001(7.14%) |
Mkt cap ! $121.9M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $3.789K | 252.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 13665990 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 1354026 | 6 |
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| Last trade - 10.06am 18/09/2024 (20 minute delay) ? |
| PCL (ASX) Chart |