Ellies, once a promising electronics company known for importing and distributing electrical products and providing solar power solutions, has experienced a significant decline from its peak in 2013, when shares were nearly R10 each, to a current value of just 2 cents. This drastic downturn is reflected in its designation as a penny stock, with approximately...
Ellies, an emerging electronics firm known for importing and distributing electrical products and offering solar power solutions, has experienced significant shifts in its market standing since its peak in 2013. At that time, shares traded close to R10 each, but have since plummeted to a mere 2 cents, reflecting a stark downturn. The company, now a penny stock,...
Ellies (ELI) is a fledgling electronics company which imports and distributes electrical products and supplies solar power solutions. From its heyday in 2013 when the share traded at almost R10 a share, it has fallen to just 2c. Technically, the share has been in a strong downward trend. It is a fairly thinly traded penny stock with only about R100 000 worth of...
Ellies (ELI) is an emerging electronics company specializing in the import and distribution of electrical products, along with providing solar power solutions. However, it has faced a challenging journey since its peak in 2013 when its shares traded at nearly R10 each. Over time, the stock's value has plummeted to a mere 2c.
From a technical standpoint, the share...
Ellies is not looking good. It's been a strong downtrend since 6 Dec 2021 from 46c down to its current 16 cents...
There are two ways this can play. Either, they sort out their issues and buyers start piling in which will break above 18 cents to go to a target of 26 cents.
Or the sellers continue which plummets the share down to 8cents.
The truth is the charts...
i have never been a fan of this company coz it has been there for many years but seems to be stagnant with no growth but may the IPP project may help turn things around on ellies
