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
2.7¢ |
Change
-0.013(32.5%) |
Mkt cap ! $5.771M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 2.6¢ | $98.91K | 3.398M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65267 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 23018 | 1 |
View Market Depth
| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
2.8¢ |
Change
-0.013 ( 33.3 %) |
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| Open | High | Low | Volume | ||
| 3.9¢ | 3.9¢ | 2.6¢ | 1016066 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| ZNO (ASX) Chart |