GMV is the perfect example of what happens when you have weak IPO holders and the result after the IPO holders are flushed out....
GMV listed at 20c but never got pass through it in first few weeks. In fact, it was push down to 12c and some or many IPO holders took loss. However, once all flush out done and news started to flow in 8 weeks time, it cracked 20c and went to kiss 50c.
GMV daily chart below.
In case of PUR, there were only 4m seed shares & looking at volume since listing most IPO holders are being flushed out. Hence, with progressive news, I believe PUR will start moving north to break through 20 & eventually 30c comparing the MC & EV with its peers.
GMV Daily
Research Price target 88 cents, page-2
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $7.271M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $27.23K | 9.462M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 60591484 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 4545763 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PUR (ASX) Chart |