My observation of the stock price movement is that all the specky resource shares have taken a hit based on investor confidence (inflation, cost of debt, supply issues and so on).
There might some merit in the over rosy outlook that has been provided by the company however all these risky stocks seem to have come off the boil when the market retreats to the safety of robust balance sheets. I can't see anything they are doing that is inconsistent with all the other specky stocks on the ASX otherwise they would be getting done for false or misleading information by the watch dog. Plans change and you have to be bold but sometimes bad things happen to good people. Am I missing something? (probably a rhetorical question)
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $27.14M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $19.44K | 2.588M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 22052597 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 12135336 | 22 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ADN (ASX) Chart |