Funds that couldn't buy this until it got over $100m market cap would be having a serious look to accumulate this on any pause / pull back to 80 cents. Given the strong buy/sell dynamic being strongly weighted to buy orders, I can't imagine we will drop much further before continuing the trend up. As had been observed previously, tended to go up for a week, pause, then go again.
Given Mach7's progress in the US, along with other markets like Hong Kong and with key execs from PME, once they confirm cash flow positive status in the 2nd half of 2019, it is hard to see how the market doesn't put a significantly higher valuation on this business. PME is worth $3 billion dollars, it wouldn't be hard to justify a market cap here of $200m ($1.40).
Funds that couldn't buy this until it got over $100m market cap...
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Last
59.0¢ |
Change
-0.025(4.07%) |
Mkt cap ! $142.3M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.0¢ | 59.0¢ | $235.2K | 392.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 187224 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.0¢ | 53334 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| M7T (ASX) Chart |