Don’t be dishearten, CAT always had this issue where SP spikes and dips like a rocket and this is because of the low number of shares in circulation or activately traded, when the buyers comes it there is not enough seller to meet the momentum and when the selling happens there is not enough to absorb the surplus.
The new CEO did confirm positive EBITA which if you look at it means there will be no CR and $18M in the banks is a pretty good position for a $200m + growth company, there is still plenty of growth potential in this field, won’t surprise me if 19FY will be $100M+
From trend it can hit $2 again and in a relatively short space of time.
Don’t be dishearten, CAT always had this issue where SP spikes...
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Last
$3.39 |
Change
-0.110(3.14%) |
Mkt cap ! $638.2M | |||
| Open | High | Low | Value | Volume |
| $3.50 | $3.61 | $3.37 | $12.59M | 3.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4125 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.39 | 9989 | 1 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| CAT (ASX) Chart |
