Insights: Axtec Ltd (ASX:AXI)

Price Chart

Market Statistics

Open$0.016

Previous Close$0.020

Day High$0.018

Day Low$0.015

52 Week High$0.058

52 Week Low$0.010

Valuation

Market Cap9.82M

Shares Outstanding545.61M

Price to Book1.54

Trading Activity

Volume160.91K

Value Traded2.50K

Bid$0.015 × 114,000

Ask$0.021 × 20,000

Performance

1 Day0.00%

5 Day0.00%

13 Week25.00%

52 Week-48.72%

YTD53.85%

Technical Indicators

RSI (14)42.82

50-Day SMA$0.018

That’s the ticket: snaring a prime parking spot ahead of the post-pandemic motoring revival

As the pandemic lockdowns grind on, investing in the car parking sector looks a decidedly dead-end option given the expanses of vacant lots across the affected regions. The situation is unlikely to change until Sydney and Melbourne office workers – who account for 80% of usage – are allowed to return to their cubicles. “The […]

5 min read

Tim Boreham

AXTEC ORD

That’s the ticket: snaring a prime parking spot ahead of the post-pandemic motoring revival