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.
Only the Charts, page-2
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Last
$1.20 |
Change
0.000(0.00%) |
Mkt cap ! $1.346B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.22 | $1.17 | $6.308M | 5.297M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 122787 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 46456 | 3 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$1.19 |
Change
0.000 ( 0.08 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.21 | $1.17 | 2246470 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| ZIP (ASX) Chart |