re: oversold?? for sure!
RSbradley,
Clearly PLT is way oversold. A company which produced in excess of $4mil rev for Calender year 2004, and with 4 good products in the marketplace, a market cap of $12-13mil is unjustifiable.
Remember Dr Opara (Chairman) took a huge chunk of the company at 0.35c (approx 9mil shares) which equated to 12.76%. He pumped in $3.125mil for this stake.
I would envisage that this share price will not be this cheap (unless unforseen circumstances occur) in the forseeable future.
If you want a cheap entry, now is the time to buy!!
Cheers Freakme
oversold??, page-2
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Last
72.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $126.2M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 73.0¢ | 72.0¢ | $11.79K | 16.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11132 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 7952 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PLT (ASX) Chart |