Certainly empathise with the notion Pecora, but some bloke who is far more wealthy than you or I astutely observed that you pay a high price for a cheery consensus.
As I have indicated before, a few BIG contract announcements and the MCE price will be through the roof. The company still has a lot going for it - low debt, competitive advantages in IP, and low cost manufacture (currently no doubt offset to a large extent by the high dollar) compared to competitors. If sales and marketing ever start doing their jobs we are on a winner.
In the meantime risks are high but informed investors may choose to take those risks on with such a low share price. The only reason I personally am not buying right now is that I have no idea how much lower the market is likely to sell off for MCE and it may be that it is available even cheaper in the near future - not trying to pick the bottom, just waiting patiently.
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M |
Open | High | Low | Value | Volume |
23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 113179 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 28075 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 14995 | 0.290 |
1 | 8500 | 0.285 |
1 | 6500 | 0.280 |
1 | 15000 | 0.270 |
1 | 10000 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 3031 | 1 |
0.340 | 3649 | 1 |
0.345 | 12762 | 1 |
0.350 | 98847 | 3 |
0.360 | 30000 | 1 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
MCE (ASX) Chart |