Both ASL and BLY were at $4.20 in late March. Today ASL's SP $1.30 higher than BLY. Both SP's have fallen substatially but ASL held-up far better. ASL mkt-cap 20% higher. Both in similar industry niche but ASL has UG drilling exposure. Margins for surface drillers being squeezed and amount of work on offer has decreased as expl drilling is cut-back and projects delayed as capital raisings become fewer and fewer. Only miners and energy companies with steady production are expanding their drilling.
My query: what was/is the key difference between 2 companies? Was it management which is often a key?
asl holding-up better than bly
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Last
$1.04 |
Change
-0.020(1.90%) |
Mkt cap ! $970.7M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | $1.02 | $4.185M | 4.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25888 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 50474 | 3 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |