The only time i've seen stocks like this go down for seemingly no reason compared to their peers is an upcoming cap raising.
I looked at the balance sheet myself. $100M cash is not much for such a large business and I'm not sure what they intend to use the LG $250M convertible bonds for?. If they don't plan to use it for sustaining capital then I think a cap raise is quite likely.
I thought 80 cents was a bargain recently - boy how wrong I was unfortunately.
This is a gold opportunity for Gina to own a good asset for low to mid $1's if she has belief in the long-term outlook??.
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Last
65.0¢ |
Change
-0.060(8.45%) |
Mkt cap ! $1.576B |
Open | High | Low | Value | Volume |
70.5¢ | 71.0¢ | 65.0¢ | $9.671M | 14.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
21 | 595095 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.5¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 595095 | 0.650 |
7 | 111515 | 0.645 |
10 | 177004 | 0.640 |
5 | 38875 | 0.635 |
8 | 141065 | 0.630 |
Price($) | Vol. | No. |
---|---|---|
0.655 | 40000 | 1 |
0.660 | 166067 | 7 |
0.665 | 166068 | 5 |
0.670 | 30500 | 3 |
0.675 | 376530 | 3 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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