Not cross-promo, just my thoughts on why the SP might be heading down at the moment.
I never thought PLS would sink much below 50c after we placed $50million in shares to MIN at 48-50c. But we'd had a large capital raise in the high 30s a little while before that ($115million campaign from memory) and the SP had shot up from there and hadn't retreated. Statistically speaking, the share price more often than not retreats to the capital raising price. Now FZO had a previous capital raise in the low 40's from memory? It seems ridiculous that it would get that low - But I never thought PLS would, and it hit as low as 31.5c last year. Now it is trading at $1.002. Don't worry about the depressed share price at the minute. This is a solid company with a solid product and solid contracts. It escaped my buy price earlier in the year but hoping to be a (happy) holder soon.
Cheers.
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Mkt cap ! $339.7M |
Open | High | Low | Value | Volume |
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1 | 3733 | 0.265 |
1 | 1960 | 0.255 |
4 | 23105 | 0.250 |
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Price($) | Vol. | No. |
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0.300 | 60205 | 3 |
0.315 | 33000 | 1 |
0.320 | 761 | 1 |
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