The price was being propped up with false bids during the CP period, it was clear as day, sadly some got carried away with the hype at the time and are now paying for it, all this talk of it will be $1 by blah blah was so unrealistic.
The company was also over valued at the time, considering their poor earnings, and what they had signed to date. if it drops to around a 12 million market cap its probably worth looking at if management can really pull themselves together again... till then its still over priced given the risk. Management seem to have lost the momentum they had when they first started the new venture, sad really because they were really going ahead in leaps and bounds on the new contract front for a bit.
The price was being propped up with false bids during the CP...
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $38.92M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $2.533K | 315.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 832086 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 5760915 | 12 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SPX (ASX) Chart |