Because a lot of the $2.3 billion market cap is based on speculation and not tangible assets.It can't be based on earnings as there aren't any.
When I was drawing comparison to BNPL and Crypto is what not a comparison of the various asset classes but the type of investor attracted to these get rich quick or speculative stocks.
In a bear market a lot of stocks are sold down indiscriminately even with good tangible assets backing bit those stocks with a lot of speculation on the MC are hit harder with everyone running for the exit at the same time.
New TA/Charting, page-8479
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Last
90.0¢ |
Change
-0.010(1.10%) |
Mkt cap ! $2.182B | |||
| Open | High | Low | Value | Volume |
| 92.0¢ | 93.5¢ | 89.5¢ | $18.88M | 20.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 1306184 | 90.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 74115 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| LTR (ASX) Chart |