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Why Is Courteville Share Price Seeing Red?

Nairametrics by Nairametrics
October 2, 2014
in Uncategorized
Why Is Courteville Share Price Seeing Red?
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Courteville shares is currently trading at 52 kobo further sliding into negative territory. The share price has a year low of 50 kobo and high of 89 kobo.

8.6million of the company shares exchanged hands on Tuesday 30th September. Another 400k worth of shares appears to have exchanged hands today also.

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Courteville reported a 31% rise in pre-tax profits to N256.7million in the half year interim result for 2014.

I haven’t seen any fundamental reason for the drop in share price except maybe for demand and supply.

Do you know why the share price is dropping?

Tags: News Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

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Comments 1

  1. Drogo says:
    October 3, 2014 at 3:44 pm

    I think it is all about perception. The owners have done all they could to promote it but peeps aren’t just carrying on.
    I have made quite a lot of money from this stock.
    But the fact that the bonus shares with which they used to rally people in 2013 is yet to credit in their accounts almost 2 years on says something faulty about them.
    I have over 1.5m BONUS entitlement expecting. No word from the. Thats enough to scare anyone away

    Reply

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