you are right on the manipulation. All the trades are small unusual amounts that signal bot trading.
to put todays activity into perspective. A 5% drop is roughly $40m of market cap gone. The contract was awarded in 2020 for 5years so only 12-18months left to go anyway. Max $60M in revenue so maybe $8 mil net profit forgone less any break of contract penalties.
PRN on revising guidance will report circa a 20% return after tax . It seems investors prefer unprofitable companies above profitable ones based on what is happening on the wider market.
debt will be down too. Maybe people don't like that either
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Last
96.0¢ |
Change
-0.010(1.03%) |
Mkt cap ! $900.4M |
Open | High | Low | Value | Volume |
97.5¢ | 98.5¢ | 96.0¢ | $1.464M | 1.511M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 27541 | 96.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
96.5¢ | 37658 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 27541 | 0.960 |
5 | 92759 | 0.955 |
5 | 90829 | 0.950 |
6 | 52205 | 0.945 |
4 | 27785 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
0.965 | 37658 | 3 |
0.970 | 41322 | 3 |
0.975 | 77841 | 4 |
0.980 | 43947 | 3 |
0.985 | 52962 | 3 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
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PRN (ASX) Chart |