Q: What’s your thoughts on this small company.
It’s got good momentum is it a buy?
Thank you
It’s got good momentum is it a buy?
Thank you
5i Research Answer:
Seven months ago, this stock was only nine cents, and is now $3.60. It had a market cap of less than $5M, and thus is not one we have followed. But it is up 811% (!!) this year. Insiders own 36%. Trading can be thin. It has only been listed since 2021. It has minimal revenue, losses and negative cash flow. It is certainly going to need more capital. There have been some promotional press releases. It has hit a nerve with investors with exposure to cybersecurity and crytpos, but we have essentially nothing to analyze here except promises and potential. We would consider risks beyond extreme here and would be cautious.