re: increased trading volume chart I sold out of my Globe not long ago got sick of the up and down price action that trended sideways. Better opportunities out their in the end .
Fundamentally the company is not in a strong position. They have just sold off 35% of revenue producing brands they have shown declining profitability and the managment team is questionable.
That being said I think the company can turn things around in the medium to long term. However with the company over priced as it is at 50 p/e ratio even a good year in sales and minor increases in the sp will continue to see it overpriced.
increased trading volume, page-8
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Last
$3.75 |
Change
0.100(2.74%) |
Mkt cap ! $155.4M | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.75 | $3.65 | $6.268K | 1.712K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3834 | $3.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.75 | 807 | 1 |
View Market Depth
| Last trade - 15.59pm 03/09/2024 (20 minute delay) ? |
| GLB (ASX) Chart |