apart from shorting, the issues I see seems to be that you can't sell something for less than you produce it and expect to stay in business for very long. heading towards a price of $40 per pound they can't be making much if anything. the price has dropped 25% is a fairly short time and no recovery in sight.
no idea what their debt convenants are but i'd be surprised if there wasn't a market cap clause in there some place and that must be getting tested.
so asset sales or a capital raising or both are probably on the agenda.
no wonder the shorters are in there. merrill lynch analyst that had them at a value of $2.70 must be looking for some place to hide.
i have been watching and waiting for opportunity to buy into this stock but there is no way I'd be touching it given all of the above.
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Last
$13.09 |
Change
-0.080(0.61%) |
Mkt cap ! $3.880B |
Open | High | Low | Value | Volume |
$13.10 | $13.15 | $12.94 | $11.85M | 907.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 1675 | $13.08 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.09 | 4333 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 4174 | 13.100 |
11 | 4676 | 13.090 |
10 | 2684 | 13.080 |
13 | 5048 | 13.070 |
12 | 6534 | 13.060 |
Price($) | Vol. | No. |
---|---|---|
13.110 | 2441 | 8 |
13.120 | 10192 | 20 |
13.130 | 5421 | 13 |
13.140 | 8293 | 17 |
13.150 | 5446 | 9 |
Last trade - 13.44pm 05/07/2024 (20 minute delay) ? |
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