I don't think anyone could have imagined APG falling below 10 cents. But anything seems possible when you get jittery investors.
When you get market conditions like we had recently people will sell stock regardless. Most stocks will fall regardless, some more than others. Liquidity can be a big factor.
If the market settles then there is a very good chance APG share price will rise again. Expect a bounce this Monday after the rise of the American market last Friday lol. Easy to predict.
Another reason for the fall in the share price can be contributed to building of the new testing plant at Newcastle. As there is nothing much to drive a share price. And most short term traders and speculators know the importance of short term drivers like drilling activity or a rumoured positive announcement is to the chances of seeing a share price rise.
Most of us know there is a very good chance APG' s share price will rise somewhat in the lead up to the completion of building the new testing plant.
Then we will be relying on the results of the testing to determine the next price action. Positive, we will see big gains. Negative, we will see big falls. Easy to predict lol.
If gold come good: rise
If not, not much will happen, because it is not a factor at present.
Cheers
APG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
