Do you know why A4N has fallen so far?
Hi James, Is there a reason A4N's share price has fallen so much? There seems to be only good news coming out with the company. Would it be a buy now? Thanks. Jacky
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Answer
Hi Jacky,
I think your being a little tough on this $506mn mineral exploration business, its still up over 55% since October, its just a matter of timeframe because as you say its down -23% from its December high.
The “speccy” end of the resources Sector is often a very volatile space and the moves by A4N are nothing that extraordinary. This is not a company we follow closely but these stocks often move in ways which suit the “sellers of strength & buyers of weakness”.
Technically we are neutral around 60c.
