so, much as has been the case for the past few weeks, PNV is being beaten up on the SP
why... because of omicron
but omicron numbers are falling rapidly (see the daily numbers out of Sydney and Melbourne or out of the New England States)
why ..because interest rates are set to rise
but PNV has minimal debt, it also has a large profit margin on its product so price constraints to cover rising inflationary costs are not an issue
why .. because we have an imminent war in the Ukraine
but last week no one seemed to care about this issue at all and of course BTM is the ideal product to use in contaminated wounds (the type which occur in armed conflict)
so yep three good reasons for the SP to go down, except that none of them apply to PNV
the market really can be an irrational thing at times
PNV - Banter and General Comments, page-5959
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Last
$2.52 |
Change
-0.050(1.95%) |
Mkt cap ! $1.739B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.60 | $2.51 | $2.348M | 921.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22274 | $2.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.53 | 10711 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| PNV (ASX) Chart |