Although the previous post seems to have used the wrong code, the question is still the same - why did PGC surge 80% in one day - not that I am complaining......
I read the announcement and the one sentence that stood out was:
"Consequently, revenues for the FY20 year are likely to exceed $220m (FY19 $236m). "
This combined with the cost saving measures does make things sound promising for a change.
I am GUESSING that the good news combined with a few short-sellers being caught on the wrong foot is the reason for today's welcome surge.
When I saw PGC at 12c yesterday, I was having thoughts of cutting my loses and getting rid of PGC - sometimes not being able to make a decision is a good thing)
Although the previous post seems to have used the wrong code,...
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Last
43.0¢ |
Change
-0.010(2.27%) |
Mkt cap ! $720.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 43.0¢ | $72.61K | 168.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 35708 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 125199 | 3 |
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| Last trade - 13.59pm 01/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |