Not sure which planet you are on but if you take a little objective look you will notice that the price is tipping a little towards the downside. Price slide was factored in quite some time ago and has continued today. No apparent bounce towards a dollar from what I can see. Next support level to be tested will be around 30 cents. If it can’t find support at 30 cents then I’m not sure where to from there. If it retraces to 20 cents only based on another US tumble from an over heated market then on a forwards earnings PE for year 2022 based on forwards estimates which includes Myring and E4 approvals as well as their profits then that’s a PE of 6 and certainly from my perspective worth another look at. Until then happy to watch the punters punt and the gamblers gamble. At least debt is reducing and cash is rising but Teva acquisition cost this company dearly unfortunately when it was forecast to make hundreds of millions of dollars. Instead it lost what it would gain. In footy that’s a two goal turnaround....
MYX Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
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