Here is a bit of plagiarism for you all, I was reading Kalkline's stock report on CAN and here is what they had to say "CAN seems positive on the prospect of the Mildura site and believes it will add comfort in top line projections once it starts operating, as per ASX the company gave a return of 56.81% in the past three months and a return of 101.44% in the past month and has a trading range of $0.29 - $1.835. On a technical front the stock has a support level of $0.458 and resistance of $0.913. On a TTM basis the stock is trading at a price book value multiple of 3.0x lower than the industry mean (Healthcare) of 4.4x & thus seems undervalued considering the current trading levels, comfortable liquidity position and optimistic view on the Mildura site along with key risks the recommendation is a 'SPECULATIVE BUY' rating at the current market price of $0.71". Just thought you might all want to know but as they say on HC - "DYOR"
CAN Price at posting:
71.0¢ Sentiment: Hold Disclosure: Held
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