With a Mrkt Cap just under $12 mill, $7.5 mill cash in the Bank, this looks way undervalued.
Rare nowadays to find a stock with less than 100 mill shares on issue. I like these because of the additional leverage. Buyers (when they buy) will be fighting for shares in a relatively tight market. Any additional news (plenty to come)or a Broker pushing the stock, will see SP accentuated more than if they had say 200 mill on issue.
But we want it in OUR favour with MC of <$12 mill for now, to add to positions. Then let the new buyers come on board!
Lack of awareness and understanding of "graphite" and its place in current and future technologies,is limited with most potential buyers. This will,IMHO,change during this week as larger players come on board.
Ask 2 brokers and 3 traders who Archer Exploration are. Expect blank looks.
Still hoping to see 25c by the end of the week. And that's just for starters!!
Cheers
- Forums
- ASX - By Stock
- only 82 mill shares on issue is good news
With a Mrkt Cap just under $12 mill, $7.5 mill cash in the Bank,...
Featured News
Add AXE (ASX) to my watchlist
|
|||||
Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $75.17M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.5¢ | $24.00K | 80.63K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 45000 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.5¢ | 20387 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 45000 | 0.290 |
2 | 49000 | 0.285 |
12 | 78421 | 0.280 |
7 | 43333 | 0.275 |
5 | 114964 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.295 | 20387 | 6 |
0.300 | 21530 | 2 |
0.310 | 16236 | 3 |
0.315 | 10000 | 1 |
0.320 | 50000 | 1 |
Last trade - 10.50am 25/07/2024 (20 minute delay) ? |
Featured News
AXE (ASX) Chart |
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, CEO
Paul Long
CEO
Previous Video
Next Video
SPONSORED BY The Market Online