In theory I agree with you Dreamcatcher
Most shareholders that wanted to sell did so , especially those whose shares were in a tax loss situation sold before the end of June.
We also saw a number of CCZ clients sell in the 20's despite the broker setting a $0.44c target on the stock .
After that, the company put out a market update that was very clear in disclosing the revenues and EBIT are going to a bit lower than some of us may have hoped for , and this also gave weight to new selling pressure
At the same time the company confirmed a much better banking facility that allows savings on interest expense and more importantly provided scope to make acquisitions without having to issue new shares below the last cap raise at $0.37c .
That said I know I have had times when I have had to sell shares I did not want to sell because I needed money for something else and because of this I suspect there might be as Caketin suggested a few people take the rise from 0.23 to 0.30 in the last few weeks to get some cash out .
I agree the stock is going higher but always think patience after a bit of a move up is wise as there is always someone out there thinking of selling as prices recover back to peoples entry .
My opinion is we will trade between 29 and 32 for a few weeks before going higher
Of course if there is a good acquisition , a large sales order or other positives announced that will change and we may re test 0.37c quicker than I currently anticipate we will.
My target is $1 in 15/16 if we can get close to Mr Tanners previously stated ambition of seeing PGC with $50 million revenue on a 15% margin
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Last
44.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $728.3M |
Open | High | Low | Value | Volume |
43.5¢ | 44.0¢ | 43.0¢ | $170.6K | 390.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15545 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 80122 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 15545 | 0.430 |
1 | 10000 | 0.425 |
1 | 101000 | 0.420 |
3 | 14481 | 0.405 |
5 | 229014 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 30122 | 2 |
0.445 | 256790 | 4 |
0.450 | 240364 | 10 |
0.455 | 7992 | 2 |
0.460 | 132928 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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