I do find it strange that MGX is being valued about $100m under cash backing, when it at least seems to be able break even in the current market (now it's not incurring the KI production costs). If the same logic was applied to some of its competitors, they would be trading with a zero market cap!
MGX must have some OK upside with an effective cost cutting program.
It's a fair to middlin' quarterly, but management really need to work harder to regain some sentiment from shareholders.
Quarterly, page-22
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $359.4M | |||
| Open | High | Low | Value | Volume |
| 30.3¢ | 30.3¢ | 29.5¢ | $186.2K | 623.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 161795 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 151730 | 4 |
View Market Depth
| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |