I can only ascribe the current share price to those investors that want to take the tax loss before June 30th,.....mostly "sophisticated investors" who paid $1.20.
It is ironic because it has been largely this same group that started selling a month or so ago because the sp had not moved up. Sort of creating their own tax losses really.
I have been buying but am now running low on cash.
I think the sp will pick up in july/aug as progress is made at the corporate level.
After all my research I am of the opinion that there are few , if any, stocks as undervalued as ARU right now.
share price
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $431.2M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $376.7K | 2.166M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 250608 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 2591267 | 23 |
View Market Depth
| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| ARU (ASX) Chart |