Maybe the usual sell-off when the follow-through ran out of steam. Perhaps people getting out who got in at the wrong price or taking a trading profit.
It would be sad to see the gap closed though. Rather see it testing 20cent resistance hey?
Seeing the price down here doesn't make much fundamental sense given the progress of the company in the past 5 years. Good sales growth over that time and even some profits. Now seems the punters got wobbly seeing that PEH is spending money to make money (i.e. short term loss / cash outlay to bring in medium term growth and profits).
Investor Roadshow, page-6
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