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Fishy88

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02/10/20

19:09

Post #: 47821247
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Originally posted by SteveSage: ↑

Not sure how you can tell there were large sellers (volume was similar to earlier in the week when the previous EPC contract was mentioned).

I think 28% up was a little overdone, but the price action after 3pm seems like panicked sellers that did not want to hold into the weekend. Hopefully markets will stabilise and we see a steady increase in the price up to the end of Oct when hopefully we will hear about Wartsila.

I believe the firm is too small to be covered by any brokers, and most of the large holders seem to be company mgmt so it's likely that it's the retail investors and small institutions driving the price.....~$600k traded today which is materially more than the norm (but also only represents ~1% of the issued shares, so no big offload that I can see).

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It’s covered by Euroz and Cannacord.

Crossing yesterday for 1m shares, I’d say a large holder is selling in to the buying.

Last edited by Fishy88: 02/10/20

PGX Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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Ann: New Contract Awards, page-8

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