This stock tends to get pushed around by the marginal money because it trades on relatively low liquidity - daily avg only 80k shs.
And its something you need to accept if you want to be a holder of this stock - there is no point in obsessing over every 10c swing in price.
The company is early-stage, on a roll out & the question you need to ask yourself if you want to accept that risk for the potential rewards?
The fact is it's going to take at least a few more quarters to judge how their strategy is unfolding.
IMO you need to judge each stock on its merits & for me this is not a trading stock but one to sit with because IF they get it right the SP could be a multiple of what it is now.
I've been involved since seed & so far the company has delivered on its promises & I'm content to sit & let it play out further.
Looking at the SP, the catalyst for the recent fall appears to have been the SPP & listing of the options, as well as the general soft market for small-caps. I expect to see this loose stock absorbed in this lower-half of the range.
Lastly thin liquidity can work in your favour when things go right - K2F is a good recent example
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Last
1.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.942M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 138880 | 1.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.9¢ | 649122 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 260900 | 0.017 |
4 | 1222190 | 0.016 |
1 | 20000 | 0.013 |
1 | 50000 | 0.010 |
2 | 200000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 100000 | 1 |
0.019 | 162000 | 1 |
0.021 | 203398 | 1 |
0.022 | 109551 | 1 |
0.023 | 700000 | 1 |
Last trade - 16.12pm 29/11/2024 (20 minute delay) ? |
SP3 (ASX) Chart |
Day chart unavailable