“With just a $353 million market cap and some mixed FY18 results, it’s easy to see why mining and civil construction company Maca Ltd (ASX: MLD) could fly under the radar as a stock pick. But I think it’s in buy territory, here’s why. It has prevailed Maca Ltd reported its FY18 results on August 27 with revenue growth of 13% from $497.9 million in FY17 to $562.6 million in FY18 and a net profit attributable to members of $23.6 million – despite some serious headwinds over the period. Wet weather hampered Maca’s operations quite substantially in the second half…..”
Meanwhile in case anyone wants to see if history repeats itself in regards dumped share prices here’s a photo highlighting the last trading day volumes were at this level ( a significant holder shift ) and subsequent days .
The columns in order are ‘open’, ‘high’, ‘low’ and ‘close’