Looking at the chart for ARG it peaked at $8.90 in early February. I suspect as a result of people buying for the rights issue. Since then it has been on a downward run. Will it hang around the $7.60 area or go lower yet?
The other question I have is having a PE of 25 and div yield of 3%, is that exspensive for a stock like ARG? A PE so high implies a growth stock. Looking at it another way who would be buying ARG for a yield of 3%.
Any thoughts would be most welcome.
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 (20min delay)
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Last
$9.16 |
Change
-0.260(2.76%) |
Mkt cap ! $6.970B | |||
| Open | High | Low | Value | Volume |
| $9.21 | $9.22 | $9.11 | $2.344M | 255.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10046 | $9.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.18 | 3247 | 5 |
View Market Depth
| Last trade - 15.18pm 08/08/2025 (20 minute delay) ? |
| ARG (ASX) Chart |