All of us have experienced the share price rising then falling back after positive announcements in the past 6 months or so - weak spec/small cap market, tax related selling, weariness of small retail investors and etc.
In my view, what we need is a circuit breaker - e.g. an announcement significant enough to boost the credibility of the company and thereby creating a domino effect. This can take many forms - investment into the company by well-known strategic investor/insto or a deal with a hospital of sufficient scale.
Many small caps experienced this phase that alc is going through in their journey - altium and apx are the two that comes into my mind. Look at how far both altium and apx have come - both shares have created significant wealth for their long-term investors who stuck with them for the journey.
I really believe that alc is a similar company that will reward its loyal investors. At the current share price, the risk-reward is compelling in my view.
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Last
5.1¢ |
Change
0.001(2.00%) |
Mkt cap ! $68.46M |
Open | High | Low | Value | Volume |
5.1¢ | 5.1¢ | 5.0¢ | $13.90K | 275.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 257528 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.1¢ | 191513 | 3 |
View Market Depth
No. | Vol. | Price($) |
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5 | 257528 | 0.050 |
7 | 365079 | 0.049 |
6 | 339166 | 0.048 |
4 | 205376 | 0.047 |
2 | 91700 | 0.046 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 191513 | 3 |
0.052 | 166287 | 2 |
0.053 | 532954 | 7 |
0.054 | 200000 | 1 |
0.055 | 180723 | 5 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
5.0¢ |
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Change
0.001 ( 0.00 %) |
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Open | High | Low | Volume | ||
5.0¢ | 5.1¢ | 5.0¢ | 222326 | ||
Last updated 15.47pm 28/03/2024 ? |
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