Looking at the chart for ARG it peaked at $8.90 in early February. I suspect as a result of people buying for the rights issue. Since then it has been on a downward run. Will it hang around the $7.60 area or go lower yet?
The other question I have is having a PE of 25 and div yield of 3%, is that exspensive for a stock like ARG? A PE so high implies a growth stock. Looking at it another way who would be buying ARG for a yield of 3%.
Any thoughts would be most welcome.
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ARG
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$9.45

where to from here for arg
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Last
$9.45 |
Change
0.000(0.00%) |
Mkt cap ! $7.191B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $10.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.10 | 218 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 90 | 10.000 |
1 | 188 | 9.600 |
2 | 16 | 9.450 |
4 | 6182 | 9.440 |
1 | 5511 | 9.430 |
Price($) | Vol. | No. |
---|---|---|
9.100 | 218 | 1 |
9.440 | 7312 | 2 |
9.450 | 13725 | 7 |
9.460 | 1000 | 1 |
9.470 | 1000 | 1 |
Last trade - 09.24am 07/08/2025 (20 minute delay) ? |
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ARG (ASX) Chart |