This has been re-rating for weeks/months on increased sales, profits and a bullish outlook for more of same. On circa $10m of profit as expected for future years, 10x PE would give you circa $100m market cap (give or take) so this could have a decent way to go yet, particularly if management has been doing the rounds with insto investors (investor presentation out the other day).
CSS has already raised capital to pay down debt and capex on the new processing facility. Both are done - not sure why they would raise capital straight after recently doing it. CEO is supposed to increase share price and that is what is happening. Re-rate not unexpected - those following this stock have been expecting this for quite a while.
This has been re-rating for weeks/months on increased sales,...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $32.21M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.5¢ | $2.812K | 15.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 233664 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 15.55pm 15/11/2024 (20 minute delay) ? |
| CSS (ASX) Chart |
