The dog that was Pan Pacific Aggregates continues to bark loudly in its new incarnation as Astar Minerals (ASTA). On Friday its shares were the second worst performers on the Cesspit, slumping 20% to 0.2p as 8,332,132 shares changed hands. Oooh er missus sounds like a big one. Er…no.
That represents trading volumes of just £16,664.26 assuming trades happened at the mid. I suspect that there were more sellers than buyers but I am being generous. And so on volumes which in value equate to the cost to the taxpayer of keeping Abu Qatada and his family in the UK for two weeks, the market cap slumped by 20%. In other words more than £100,000 was wiped off the market value.
Fear not…worse is to come
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