Wrt to your general question regarding the stock dive over the last few months, IMO its partly the thematic rotation that fund managers have conducted from high-growth/low-cash-flow companies to those with better looking PEs (to be safer in a rising inflation environment), and hedge fund shorting activity in this stock.
Answering your specific questions would require offering up rumours, putting a probability on their accuracy, and suggesting/analyzing their implications. Can't do that. I'm comfortable waiting.
The current shorts will have to be covered. They have ticked down a bit over the last few days. Good luck.
Wrt to your general question regarding the stock dive over the...
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Last
53.0¢ |
Change
0.100(23.3%) |
Mkt cap ! $47.32M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 76.0¢ | 52.5¢ | $1.137M | 1.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42278 | 53.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 1705 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
53.5¢ |
Change
0.100 ( 25.9 %) |
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| Open | High | Low | Volume | ||
| 75.0¢ | 75.0¢ | 53.5¢ | 188072 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PPK (ASX) Chart |