Yes the wet weather is the only fundamental reason I can see for the move lower. I still think its more likely an Ellerson is just exiting some ag exposure for whatever reason. If the move lower is on this wet weather, its a great buying opportunity. Yes some guys in NNSW wont love the wet weather but it wont effect yield, only quality, and guys in the south will benefit from it so net result is definitely positive for GNC. Dont forget that rain in NNSW/QLD also promotes a summer crop, to the benefit of GNC.
Needs to hold $3.60 support though.
Yes the wet weather is the only fundamental reason I can see for...
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Last
$7.79 |
Change
0.030(0.39%) |
Mkt cap ! $1.731B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.81 | $7.71 | $10.86M | 1.397M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3940 | $7.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.79 | 21209 | 3 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| GNC (ASX) Chart |