Major difference is the market cap in March 2019.
March 2019 SP of $1.80 with ~600m* ordinary shares available, equated to a market cap of $1.08b.
March 2024 SP of $1.5 with 1b ord shares available, equates to a market cap of $1.5b
Therefore valuation today is almost 45% higher than valuation of ZIP in Mar19.
*guessing the number of shares. Happy to be corrected on this number but the principal is the same, which throws a bit of furphy of technical chart analysis.
Would be wise to calculate how many shares have been traded since bottoming out from $0.40 down to $0.255 and then up to now. Then use this number to determine how many are long long, or long short etc.
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Major difference is the market cap in March 2019.March 2019 SP...
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Last
$1.69 |
Change
-0.030(1.74%) |
Mkt cap ! $1.951B |
Open | High | Low | Value | Volume |
$1.75 | $1.77 | $1.68 | $14.18M | 8.232M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
39 | 91496 | $1.69 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.69 | 60268 | 50 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 91435 | 1.685 |
27 | 137865 | 1.680 |
15 | 139661 | 1.675 |
12 | 174082 | 1.670 |
7 | 354420 | 1.665 |
Price($) | Vol. | No. |
---|---|---|
1.690 | 37013 | 35 |
1.695 | 69512 | 17 |
1.700 | 117469 | 15 |
1.705 | 171036 | 18 |
1.710 | 236402 | 16 |
Last trade - 15.45pm 12/07/2024 (20 minute delay) ? |
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ZIP (ASX) Chart |