ADO investors and punters are experiencing the full speculative small cap experience of late!
ADO is trading at 52 week lows at 2.8c. $16k revenue in the past quarter was disappointing, SP is trading below the 3.2 cents per share mark that under a placement to sophisticated and professional investors raised $4m just a few days ago. Someone / people are selling out, with large volumes of selling past 5 trading days. Sellers are in control on the charts. Ferroglobe legal case may wrap up ADO resources for a while.
However; the potential upside remains across both Clean Energy and Life Sciences. It only takes one of the companies that David R has outlined (refer to Company Presentation 23 May 2023) that ADO is in talks with, to open the doors for multiple revenue streams. And he has outlined on numerous occassoins that revenue generation and commercialisation is his primary focus for the company in the near term. We still have a lot to prove and for me personally, landing a large revenue deal is the external validation that I am still seeking. It's all risk vs reward and individual risk appetite. A good time to top up if you have the appetite! I did today.
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Last
2.2¢ |
Change
-0.002(6.52%) |
Mkt cap ! $53.07M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $20.42K | 928.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1118907 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.2¢ | 7380 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1118907 | 0.021 |
13 | 4461723 | 0.020 |
6 | 1464605 | 0.019 |
9 | 2336112 | 0.018 |
4 | 432891 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.022 | 7380 | 2 |
0.023 | 899841 | 4 |
0.024 | 225300 | 2 |
0.025 | 1138770 | 9 |
0.027 | 250000 | 1 |
Last trade - 15.45pm 05/09/2024 (20 minute delay) ? |
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ADO (ASX) Chart |