TEY 0.00% 3.5¢ torrens energy limited

Kingfisher this drop in the sp is more likely sector related...

  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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