Although the previous post seems to have used the wrong code, the question is still the same - why did PGC surge 80% in one day - not that I am complaining......
I read the announcement and the one sentence that stood out was:
"Consequently, revenues for the FY20 year are likely to exceed $220m (FY19 $236m). "
This combined with the cost saving measures does make things sound promising for a change.
I am GUESSING that the good news combined with a few short-sellers being caught on the wrong foot is the reason for today's welcome surge.
When I saw PGC at 12c yesterday, I was having thoughts of cutting my loses and getting rid of PGC - sometimes not being able to make a decision is a good thing)
Does anyone know WHY?, page-2
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Last
46.0¢ |
Change
0.005(1.10%) |
Mkt cap ! $744.8M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.0¢ | 45.0¢ | $103.8K | 228.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 61462 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 21377 | 4 |
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| Last trade - 12.48pm 19/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |