The drop mainly came after the company announced profit drop.
This was unexpected and a surprise so the market punished the company.
The stock is clearly still undervalued and this may be due to people getting in below .3 these last few days and now cashing out.
Having said that, it certainly is a stock that is worth holding considering that they just announced a 3.5c dividend yield PS.
That is remarkable and I am guessing that the stock could slowly make its way up to .4 by COB today.
Good luck!
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Last
$1.91 |
Change
0.003(0.13%) |
Mkt cap ! $1.179B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.93 | $1.88 | $1.291M | 675.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 36373 | $1.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.92 | 7309 | 14 |
View Market Depth
| Last trade - 14.02pm 23/06/2025 (20 minute delay) ? |
| SSM (ASX) Chart |