I can see your point. COB has a small MC despite the rise, I wouldn't solely use the chart to assess the situation.
I have been watching COB since IPO, unfortunately, I haven't ever had the chance to look into their announcement. Missed the boat I admit, but I will have a closer look now. My initial concern is how fast the cash could burn in COB.
Here is my 2 cents:
1. Chance of further capital raising. How long will their $5Mil cash last?
2. A big rise on a chart does not preclude a small cap company to rise further in share price, especially if it has largely been retail held. The institution hasn't even started accumulating at this phase.
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I can see your point. COB has a small MC despite the rise, I...
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Last
7.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.57M |
Open | High | Low | Value | Volume |
7.2¢ | 7.3¢ | 7.0¢ | $17.05K | 242.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 215116 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 413200 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 215116 | 0.070 |
4 | 164731 | 0.069 |
2 | 58000 | 0.068 |
2 | 150000 | 0.067 |
3 | 119000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 413200 | 4 |
0.075 | 102021 | 4 |
0.076 | 2616 | 2 |
0.077 | 43300 | 2 |
0.078 | 125000 | 2 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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COB (ASX) Chart |