Hygrovest Limited

ASX:HGV

Hygrovest Limited

ASX:HGV
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$0.046 (-2.1%)
Last close price
#342
Rank
1
Held by
4
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#Trading at 60% below NAV
stale
Hands
Last edited 2 years ago
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"Funds received from divestments ....may be used to make investments considered to have higher growth and allow HGV to diversify away from the underperforming cannabis sector."

Ouch!! A cannabis ETF has lost interest in cannabis??

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#Overview
stale
CanadianAussie
Added 4 years ago
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https://www.nextsmallcap.com/asx-stock-currently-trading-50-below-net-asset-value-primed-cannabis-20/

At 31 January 2020, MMJ had a Net Tangible Asset backing of $0.2357 per share (pre-tax), with a book value of assets of $58.8M.

However, the stock is currently trading at just [$0.13]* per share, with a market cap of $21M – a discount of over [40%]*

*updated to reflect prices as at 26/04/2020

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