Reported revenue increased by US 87M or 735% from US 12M in 1Q2016 to US 99.3M in 1Q2017. Inspite of the stirling results the stock price fell to 0.285. Traders largely priced in the good set of results and are looking to weaker quarter with coal prices falling 25% from its peak in Apr 2017. The share price should test its support at 0.27 and consolidate there for a short while before heading for 0.24.
All posts and charts are for educational and illustration purposes only
Post a Comment
Note: Only a member of this blog may post a comment.