The Phoslock Environmental Technologies Ltd [ASX:PET] share price spiked hard at the end of May after the company announced an initial order of approximately $1 million worth of Phoslock products to treat a heavily polluted lake in South West China.
The share price fell by $3.56 this morning to $42.34 on the back of their half yearly results. It seems investors on the ASX have come to expect more from companies these days, for even posting positive revenue and earnings growth won’t cut it anymore.
Blackham Resources [ASX:BLK] have reduced ore recovery costs by 30% by taking advantage of an excising CIL plant. Its shares rising in value by 3.90% displays how efficient their choices have been in regards to productivity and development. Will it grow further? Find out more...
This short-term volatility is a big reason why investors lose money. Their position trends down much further than they thought, and the fear of losing more is too great, causing them to sell out at a loss.