Yes I noticed AAC cattle farms are in the blue tongue virus area but what about the possibility of China shipping them to a third country for processing such as Vietnam before sale to consumers in China? Anyway in theory if the Southern cattle get into a situation where demand outstrips availability cattle price should go up right?
A few weeks ago the share price was heading towards $1 and now we are hovering around $1.40 even with the broader market getting punished over the last few trading sessions. Either the market is overvaluing AAC on Chinese demand or investors are looking at the bigger picture here that demand for beef is going to be high in general for both the domestic and international markets in the years to come.
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$1.39 |
Change
0.020(1.46%) |
Mkt cap ! $852.9M |
Open | High | Low | Value | Volume |
$1.36 | $1.39 | $1.36 | $613.8K | 445.6K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 100000 | $1.38 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.39 | 358 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 7064 | 1.010 |
1 | 5582 | 1.005 |
4 | 98582 | 1.000 |
2 | 14000 | 0.990 |
1 | 5000 | 0.980 |
Price($) | Vol. | No. |
---|---|---|
1.020 | 100 | 1 |
1.025 | 12519 | 1 |
1.030 | 75473 | 7 |
1.035 | 5582 | 2 |
1.040 | 78376 | 5 |
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