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
47.5¢ |
Change
0.010(2.15%) |
Mkt cap ! $786.2M |
Open | High | Low | Value | Volume |
46.5¢ | 48.5¢ | 46.5¢ | $645.1K | 1.366M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 55000 | 47.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
47.5¢ | 147836 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 55000 | 0.470 |
2 | 8587 | 0.465 |
4 | 85331 | 0.450 |
1 | 20000 | 0.430 |
4 | 59044 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.475 | 147836 | 2 |
0.490 | 23 | 1 |
0.495 | 51404 | 2 |
0.500 | 561275 | 11 |
0.510 | 109009 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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