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
98.0¢ |
Change
0.015(1.55%) |
Mkt cap ! $919.1M |
Open | High | Low | Value | Volume |
98.0¢ | 99.8¢ | 96.5¢ | $2.393M | 2.438M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 18062 | 98.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.0¢ | 12242 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11621 | 0.980 |
3 | 36963 | 0.970 |
1 | 8390 | 0.965 |
6 | 33307 | 0.960 |
5 | 148484 | 0.955 |
Price($) | Vol. | No. |
---|---|---|
0.995 | 8390 | 1 |
1.000 | 8390 | 1 |
1.005 | 6735 | 1 |
1.010 | 6735 | 1 |
1.015 | 71190 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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PRN (ASX) Chart |