Yep markets are pathetic. Not arguments from me. On one spectrum we have many stocks making news highs daily and trading well above fair value. While on the other spectrum, we have other stocks making new lows daily and trading well below fair value. Market does not care. It seems to be the new market norm to buy overvalued assets and sell undervalued ones. Not much you can do about that. Just got to be patient until market comes to its senses. That said MGX is trading well below fair value. They have the cash and no debt. They are worth a lot more than they currently are. When will it start moving up. No idea. But eventually it will be trading back above $1.
Aussie Stocks are Pathetic, page-18
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 (20min delay)
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.0¢ | 29.0¢ | $350.5K | 1.189M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 127764 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 302574 | 6 |
View Market Depth
| Last trade - 16.10pm 26/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
