I have trouble understanding the sell down, unless there is a negative surprise with the results, but a profit warning should have been issued by now.
The presentation nothing new the increase in scope already mentioned awhile. In general the company metrics are reasonable. The only issue i see its the equity issue from Quantum Deal , Shares on issue have all most doubled and the goodwill is high resulting in a poor return on equity and the book value being higher than the share price.
So this overhang maybe causing the high level of maybe tax loss selling, unless there is a left field out there.
Good luck, its at least 2 year wait for the results to show the growth trend in Asia.
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Last
41.5¢ |
Change
0.005(1.22%) |
Mkt cap ! $686.9M |
Open | High | Low | Value | Volume |
41.0¢ | 41.5¢ | 41.0¢ | $457.1K | 1.112M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 417437 | 41.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 399983 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 167437 | 0.410 |
4 | 16668 | 0.405 |
5 | 233181 | 0.400 |
1 | 84500 | 0.395 |
1 | 7692 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 349983 | 6 |
0.420 | 356843 | 8 |
0.425 | 172272 | 4 |
0.430 | 6976 | 1 |
0.435 | 6896 | 1 |
Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
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HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
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