Yeah I agree. The SP does not make sense based on the known data. But this is what I do know. Someone with a large amount of shares is selling because they think the SP will go lower. If that's an insider > we are in trouble (but this should show up in ASX disclosures). If this is some institution trying to rebalance a weighting in their portfolio > we might be OK. Maybe the majority of insto's think there are better / less risky opportunities elsewhere? I just don't know, and I'm not going to try to fight the market at this point in time.. The SP looks to be heading towards $0.60 - 65c for no good reason that I'm aware of.. Staying patient and observing for now. FYI. I picked up these shares via DDH, so my historical experience with PRN is limited.
Good Value and Momentum, page-101
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Last
$1.01 |
Change
-0.005(0.50%) |
Mkt cap ! $956.9M | |||
| Open | High | Low | Value | Volume |
| $1.01 | $1.01 | 99.5¢ | $858.1K | 856.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13238 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 24999 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.01 |
Change
-0.005 ( 0.79 %) |
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| Open | High | Low | Volume | ||
| $1.01 | $1.01 | 99.5¢ | 393832 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| PRN (ASX) Chart |