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.
A company losing revenue gets sold down, but prices tend to...
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Last
6.1¢ |
Change
0.001(1.67%) |
Mkt cap ! $13.03M | |||
| Open | High | Low | Value | Volume |
| 7.0¢ | 7.5¢ | 6.1¢ | $26.15K | 381.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 34992 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 29916 | 1 |
View Market Depth
| Last trade - 15.55pm 25/04/2024 (20 minute delay) ? |
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Last
6.1¢ |
Change
0.001 ( 14.1 %) |
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| Open | High | Low | Volume | ||
| 7.2¢ | 7.7¢ | 6.1¢ | 70544 | ||
| Last updated 15.55pm 25/04/2024 ? | |||||
| ZNO (ASX) Chart |