Have been watching since less than a month ago, the stock price being at $6, thinking of entering. It's now at $8.00.
Anyone on the know have any idea why the price increases/rerating? have there been any research reports? Have not seen any other subsequent updates or financial forecasts/announcements. Should be getting the 31 March 2013 accounts in soon/due time, but per prior announcements it appears the loss should double for the second half of the FY as opposed to first half. A widening loss I would have thought wouldn't be anything to get too excited over? Stand to be correcte though.
Or perhaps this recent hype/price increase is all due to specualation re: recent capital raisings and 'following' the savvy crowd, i.e. if the successful investors are piling in at $6, surely they see something? sort of attitude.
Just gauging what everyone thinks in as factual /unbias manner as possible?
price rises
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Last
$144.06 |
Change
2.970(2.11%) |
Mkt cap ! $21.99B | |||
| Open | High | Low | Value | Volume |
| $141.48 | $145.00 | $140.81 | $50.19M | 350.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 156 | $143.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $144.10 | 2000 | 1 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| XRO (ASX) Chart |