TEY 0.00% 3.5¢ torrens energy limited

can anyone explain the change, page-5

  1. 991 Posts.
    Kingfisher this drop in the sp is more likely sector related than just company fundamental related. I have four Geothermal companies on my watchlist all of them happen to be in the red today, with the hardest hit being GHT dropping .42c today. I know that having a sample of only 4 geothermal company is a somewhat biased and innaccurate but problem is i only know of four geothermal companies that exist on the ASX. See because its such a small sector i would say that most companies within the sector are a bit overpriced for what they have acheived to date and i guess investors are starting to realise this hence the correction.

 
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