It's simple, money is moving out of the resource boom and moving into biotech stocks.... In my opinion PRR & NEU have had their run PNO & IMI haven't finished running i believe another couple %% tomorrow on those 2 x stocks specially PNO with the big american funds buying in.
News imminent, any day now. The word in the street is that they are about to sign a deal with FMG Fortscue metals or BHP. ARW is to provide 5 million litres of Biodiesel to one of them. This deal could send the price back to 0.30 cents
Every Time it looks set to move it gets pulled back down to .33 or .32 that's where the support line is. It needs to break .40 for the next leg up.
Anyway it's Good to see that it's holding up well on a BAD day on the market.
I've just picked up this gem of a stock on the charts! It looks great haven't bought in yet I was hoping someone would know a bit more about the company.
It looks to break it's all time high of .23 cents.