"...why has there being such a decline since the start of May?"
@Kadej123 ,
One could just as easily ask why there was such sharp rise in the share price in the preceding months.
The problem - when an enterprise doesn't generate revenue and record profits and is a net consumer of capital - is that it is difficult for the market to apply any sort of conventional valuation framework to such an enterprise.
And the absence of a conventional valuation framework explains why the share price of a company like MSB tends to be volatile, getting whipsawed up and down in line with the changing mood of the market.
"...why has there being such a decline since the start of May?"...
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Last
$1.53 |
Change
0.010(0.66%) |
Mkt cap ! $1.741B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.54 | $1.48 | $5.605M | 3.713M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 55197 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.53 | 29782 | 3 |
View Market Depth
| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MSB (ASX) Chart |