A company losing revenue gets sold down, but prices tend to overshoot fair values. I don't see this coming down further if the claimed invoiced sales are correct. The market will just take a pause till further confirmed and then reverse course. Only a fool would continue to sell this down knowing the risk.
The comms has been poor and management has a lot of work to do improving on that in subsequent reports, but if the $8.6m extra invoiced sales are actual (which I believe as management would be putting itself in big trouble if it weren't) then this is going back up from 90c.
Turning Zoono into a Gamestop, page-67
Add ZNO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.1¢ |
Change
0.003(10.7%) |
Mkt cap ! $6.625M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 3.2¢ | 2.8¢ | $18.64K | 613.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 45258 | 1 |
View Market Depth
| Last trade - 15.33pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
3.1¢ |
Change
0.003 ( 6.90 %) |
||||
| Open | High | Low | Volume | ||
| 2.8¢ | 3.1¢ | 2.8¢ | 235438 | ||
| Last updated 15.33pm 03/05/2024 ? | |||||
| ZNO (ASX) Chart |