."...Wait... The company is making losses... but they are producing and selling more YoY and QoQ.…
…Is almost the same situation Altura found itself in.
If you have interest accruing liabilities what can you do? You cannot simply stop producing. You keep churning the stuff out at a loss, which means you become a price taker leading to lower prices and with more supply coming online. It becomes a vicious circle..
The “problem” is not demand. The “problem” is too much supply.
DYOR IMO
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Last
71.5¢ |
Change
0.025(3.62%) |
Mkt cap ! $1.733B |
Open | High | Low | Value | Volume |
71.0¢ | 74.0¢ | 70.0¢ | $14.76M | 20.64M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 54130 | 71.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
71.5¢ | 216043 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 54130 | 0.710 |
4 | 41713 | 0.705 |
28 | 487331 | 0.700 |
8 | 209684 | 0.695 |
18 | 316624 | 0.690 |
Price($) | Vol. | No. |
---|---|---|
0.715 | 216043 | 9 |
0.720 | 153563 | 4 |
0.725 | 162942 | 5 |
0.730 | 110218 | 6 |
0.735 | 190461 | 6 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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