Hi, new to this forum and a novice investor
Share price has roughly halved since Jan / Feb whilst iron ore price is down circa 25% in the same period. Good cash reserves, paid dividend last 2 years.
Trading below asset value and around 3.5 PE and 1:1 vs sales. Long life asset.
Negative sentiment around China growth notwithstanding (for the iron ore experts out there) , what am I missing?
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Last
27.5¢ |
Change
-0.025(8.33%) |
Mkt cap ! $318.2M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 29.5¢ | 27.5¢ | $934.7K | 3.291M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 428270 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 104947 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| GRR (ASX) Chart |