Yes but i always thought that this company was fairly valued at between 45 to 55c... Before they increased their debt.
The Rise from 55 to 100+ was pure speculation. You should have shorting as even if they could hit all management goals they would never justify that price.
I didn't short but i did sell out which had the same impact i suppose.
There are only 280k worth of shares being shorted so i doubt this is why the price has fallen.
Financial Year Results, page-37
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Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $410.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.5¢ | 37.0¢ | $322.8K | 852.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38000 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 524816 | 7 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |