Yes, I think you are probably right.
Apart from the rise in the olive oil price, I also suspect the buyers are encouraged by the fact that the company seems to be getting on top of its debt levels. My feeling is that a major reason as to why AAP fell to such low levels in recent years was due to the high debt levels of the company.
In my opinion this is the most undervalued ASX listed agri stock, and so I wouldn't be surprised if it suddenly jumped up to 3 cents over the next couple of months.
Olive oil price surge, page-4
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.90M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50 | 2.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 230 | 1 |
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