STTCOMP COB, FA SHORT
Cobalt Blue
Share price: $1.40
MC: 143 million
Cash: 4.6 million as at 31 December 2017
The company is a relatively new company which has promoted itself well. However, in my opinion , the company does not have the resources to justify this high market capital. The grade is not particularly high.
The share price has been going up rapidly due to recent news announcements.
While some people get excited about a chart like this, I believe the risk/reward trade-off is not good considering the current market condition.
Short Term Trading Week Starting: Tues 3rd Apr, page-101
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Last
8,586.9 |
Change
-23.500(0.27%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,610.4 | 8,644.8 | 8,585.3 |
| XAO (ASX) Chart |