Its not in the ASX200. There are many funds (and linked funds) owning PRN and I the only notice was Vanguard 24/1 which had increased their stake at a higher price. No fund has yet reported dropping the share. People are buying every sold share so its likely someone with reasonable buying power has confidence. Euroz Hartleys downgraded it 6% to 1.50 price target likely based on the Nickel fallout. The 23 report stated 11% of revenue came from Nickel mining from memory and only a small portion of that is likely to be impacted. At current price its about 4x on 2024 projected earnings. Struggling to not see this as cheap unless the 21/2 report contains something horrific but then we would expect to see funds with insider knowlege dropping it....??
Good Value and Momentum, page-103
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Last
$1.02 |
Change
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Mkt cap ! $968.0M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.02 | $1.00 | $1.078M | 1.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6288 | $1.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.02 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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$1.02 |
Change
0.000 ( 0.04 %) |
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| Open | High | Low | Volume | ||
| $1.00 | $1.02 | $1.00 | 304933 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| PRN (ASX) Chart |