Market's view on Active Energy
Published on April 2024
- Stock watchers are urging for a buyer for the company as soon as possible.
- There's mention of a new partner announcement expected in the near future.
- Discussions about the company's liquidity and market capitalisation are ongoing, with cash on hand being a significant factor compared to market capitalisation.
- The company has experienced an extremely illiquid period with a massive 340% intraday move due to a court settlement followed by a 60% decrease in stock price on minimal volume.
- Market makers were noted for harsh actions against buyers at 1.4p, with a low free float contributing to the low volume fall.
- Observations were made on the actions of 'rampers' who hyped the stock only to depart swiftly.
- Comments highlighted the company's management needing to provide more guidance on future plans, especially after a period where more cash was available than the company's market capitalisation.
- There were calls for directors to increase their stake in the company, especially since the last recorded director's buy was notably higher compared to the current stock price.