As a matter of interest, Commsec is now warning investors to be very wary of investing in this Company. Thats the information l get on my trading platform. Valuations are all over the shop. A few days ago, Morning Star was giving MXC a fair value of 7 cents. Yesterday, it was down to 6 cents. Talk about sitting on the fence. Has anyone got a clue? Personally l think its way over valued at even 5.2 cents. Too many things dont add up. I doubt very much that even the next 2 quarters are going to produce levels of income to justify a 60 million dollar valuation. Good luck if management think they can capital raise with a tumbling SP and a sceptical market. As for my own circumstances, decisions decisions. Totally convinced sells at 7.5 are not going to be triggered. If l sell all out today, another 23k loss. If l wait another 2 weeks SP could be in the 3 cent range. What a dilemma. The optomist says it has to bounce, but thats not how the market is reacting. The hardest thing to do when in the red is to hit that sell button.
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Last
33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $15.97M |
Open | High | Low | Value | Volume |
32.0¢ | 34.0¢ | 32.0¢ | $1.401K | 4.24K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 375 | 27.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.0¢ | 662 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 375 | 0.275 |
1 | 15000 | 0.260 |
1 | 20000 | 0.250 |
1 | 2200 | 0.230 |
1 | 4545 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.340 | 662 | 1 |
0.365 | 11528 | 2 |
0.370 | 2000 | 1 |
0.380 | 1522 | 1 |
0.395 | 8746 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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RGT (ASX) Chart |