Could be a number of reasons
But suspect small cap fund managers may be buyers ,at recent Micro equities conference a couple asked pertinent questions
Today the company has a market cap of over $70 m ,that alone wil attract interest of other small cap managers
Techinically the stock is making higher highs & after breaking out of recent trading range this would attract any TA analyst ,but I don't see any traders here may be wrong but we need a pull back to determine strength
Ultimately earnings determine share prices & while I think Dr Brown has done a tremendous job since 2006 with likely record sales this f/y . Clover could easley be gobbled up by a multi .Am sue Soul Patts would be sellers at the right price
They have unique & a growing product list that would certaintly attract others .Not many small cap Aust companies that can spend up on R & D & turn into increase sales in a short time frame.
Can anybody name me 3 ,with similar market cap?
Could be a number of reasonsBut suspect small cap fund managers...
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Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $81.82M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $8.983K | 18.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32789 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 44797 | 1 |
View Market Depth
| Last trade - 15.45pm 15/11/2024 (20 minute delay) ? |
| CLV (ASX) Chart |