Tantalizers Bursts Bubbles with 36% Gain after Diversification Notice
Downtrend was more of a possibility that positive price appreciation until Tantalizers Plc made a strategic entry into blue economy and signed deals to boost its fisheries business.
Tantalizers Plc saw sharp price uptick as shareholders investors reacted positively to the quick service restaurant Diversification move.In the stock market, the market value of the QSR company surgery by 36.3% week on week as its price jumped to N2.59 from N1.9 at the beginning of the week.
Equities investors who spotted potential value in the consumer goods stock increase their stock holdings in Tantalizers with expectations the company will reverse loss making. Tantalizer’s negative earnings performance has damaged its equities market performance, spurred by weak sentiment.
The company which was valued at N12.95 billion on Friday has plunged below #1 per share due to its stock selling competition. The latest rally in the stock has however widened the gap between its 52-week high and low trading records.
At its best times in the local bourse, Tantalizers had reached N2.98 per share versus 32 kobo which was the lowest in the same period. In terms of volume, Tantalizers is a low volume activity stock despite its huge shares outstanding of more than 5 billion units -mirroring a low liquid stock
First of its kind in the local bourse, the Nigerian investment landscape has welcomed a blue economy operator to the market with Tantalizers diversification. A good thing may be cooking after all. #Tantalizers Bursts Bubbles with 36% Gain after Diversification Notice#
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