The market has taken a bit of a pounding lately and this did have a very quick rise to 2.5. Personally I'm not too worried , annual fins come out next week and I think they'll confirmed what they stated a month ago in their guidance update. This should give the stock a bit more attention and momentum. IMO if they replicate the financial performance from the 1stH 15 to the 2ndH 15 this should get to $3, Market conditions prevailing and probably at least a 3 or 4 month wait to finding out.
The same thing happened with SSM ( which I also own ) it gave a guidance update two months ago rallied hard then ran out of puff. Then they started to buy into the release of annual financial statement and yesterday when it was released it hit a 12 month high.
Why?, page-2
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Last
93.0¢ |
Change
0.055(6.29%) |
Mkt cap ! $162.3M | |||
| Open | High | Low | Value | Volume |
| 87.0¢ | 94.0¢ | 87.0¢ | $436.8K | 475.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3500 | 92.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 94.0¢ | 80000 | 2 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| IRI (ASX) Chart |