Market value for something is the value, it’s pretty simple. Market cap is a fair valuation based on the current state of the company, as soon as something of value happens the market will adjust it’s idea of fair value accordingly. It is what it is, numbers... plain and simple.
There’s only so much market cap you can attribute to potential, you have to consider this company as a producer and not have the same value placed in potential of a speculative company that has vast acreage drilling wildcat wells in the desert. It’s all about volume now, more volume equals more value.
In summary, it’s a totally different company to the one that the old timers bought in to, and that the market in general percieves it to be. In saying that, the market ALWAYS finds fair value in the end.
All I can really say is it’s going to take time, and patience. The best part is though, once the ball actually starts rolling, you should hopefully expect exponential growth (I sure am hoping).
Good luck to all!
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Market value for something is the value, it’s pretty simple....
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Last
5.2¢ |
Change
0.001(1.96%) |
Mkt cap ! $37.74M |
Open | High | Low | Value | Volume |
5.1¢ | 5.2¢ | 5.1¢ | $26.20K | 512.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 325000 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 54161 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 55500 | 0.135 |
9 | 1167237 | 0.130 |
8 | 593133 | 0.125 |
19 | 902443 | 0.120 |
1 | 86000 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 787079 | 9 |
0.145 | 1062465 | 10 |
0.150 | 344400 | 6 |
0.160 | 125481 | 8 |
0.165 | 497623 | 5 |
Last trade - 13.57pm 28/11/2024 (20 minute delay) ? |
CTP (ASX) Chart |