Shares in digital eLearning solution provider Readcloud (ASX:RCL) were down 14% by mid-afternoon on Monday, and are now down roughly 50% from their 52-week high. So, what’s going on? With no ASX-announcement to act as a catalyst, and only a small volume of orders, it looks as though the move is merely a reflection of the illiquid nature of Readcloud […]
They say stocks take the stairs up, but the elevator down. That is, gains are steady and incremental, but losses tend to be sudden and sharp. That’s generally been true for billing software developer Hansen Technologies (ASX:HSN), though earlier this month the share price seemed to catch a rocket: Igniting the boosters was news that Hansen had acquired Canadian catalog […]
Shares in med-tech developer Polynovo (ASX:PNV) have doubled in the past year, driven by surging sales in its patented Novosorb product. More recently, the company revealed its first “million dollar month”, with sales for April ostensibly bringing the business to break-even on a monthly basis. What does the business do? Following a business restructure in 2014, Polynovo is focused on […]
