The announcement is not a market moving event, just a correction. Nothing positive in it anyway.
No one knows if this co will survive or not, except the bankers.
Trading on sentiment, LOW P/e if it survives - bit over 2...just have to make up your own mind about survival prospects.
I guess the s/p is doing what they call the random walk, great if you can pick the highs and lows
heading back over 2 dollars on new announcment, page-4
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Last
$1.66 |
Change
0.035(2.15%) |
Mkt cap ! $449.4M | |||
| Open | High | Low | Value | Volume |
| $1.63 | $1.66 | $1.63 | $208.9K | 127.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5873 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 3386 | 3 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| AFG (ASX) Chart |