Great background to the company register, that I was not aware of. Makes sense now.
Still the sell down from the $1.50 levels just looks orchestrated, by funds to get in at an attractive price, now range bound in the $1.00 to $1.20 level. No bad announcements apart from Covid-19, and the market has recovered strongly, especially in the US where Aroa get most of their revenue from.
Seems so undervalued when the last quarterly item 8.5 lists the company has funds for 23.3 quarters. Page 10
Financial Highlights Page 1
Strong cash balance of NZ$65.3 million as at 30 September 2021 and the company is debt free.
Great background to the company register, that I was not aware...
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Last
61.5¢ |
Change
0.005(0.82%) |
Mkt cap ! $211.6M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 61.5¢ | 58.5¢ | $131.2K | 218.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3948 | 58.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 10800 | 2 |
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| ARX (ASX) Chart |