Small caps are being hit very hard lately.
Pretty much on par with the GFC and Covid crash if you look at PE ratio of indices like the S&P600 small cap index.
People are very worried about the recent massive rises in interest rates and how bad the recession will be in 2024.
So I would agree that it is probably the macro picture that is causing the downturn in this stock.
Ann: Strong credit supports profitable growth, page-7
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Last
71.5¢ |
Change
0.010(1.42%) |
Mkt cap ! $125.3M | |||
| Open | High | Low | Value | Volume |
| 70.5¢ | 71.5¢ | 70.5¢ | $1.062K | 1.504K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 17866 | 70.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.0¢ | 16717 | 2 |
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| Last trade - 15.17pm 23/08/2024 (20 minute delay) ? |
| PLT (ASX) Chart |