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Saturday, 22 April 2023

Salutica share price had a big drop after having increased from RM 0.375 to a high of RM 1.72 over 13 days from 31/3/2023.

 






Date Adj Close Price Volume 
3/1/2023 12:00:00 AM 0.26 122,800
4/1/2023 12:00:00 AM 0.255 112,200
5/1/2023 12:00:00 AM 0.255 469,000
6/1/2023 12:00:00 AM 0.25 129,700
9/1/2023 12:00:00 AM 0.255 1,733,000
10/1/2023 12:00:00 AM 0.255 62,000
11/1/2023 12:00:00 AM 0.25 312,100
12/1/2023 12:00:00 AM 0.255 666,500
13/1/2023 12:00:00 AM 0.26 421,600
16/1/2023 12:00:00 AM 0.26 221,200
17/1/2023 12:00:00 AM 0.28 5,650,900
18/1/2023 12:00:00 AM 0.275 596,300
19/1/2023 12:00:00 AM 0.275 425,100
20/1/2023 12:00:00 AM 0.27 507,100
25/1/2023 12:00:00 AM 0.275 674,300
26/1/2023 12:00:00 AM 0.295 4,067,600
27/1/2023 12:00:00 AM 0.295 873,300
30/1/2023 12:00:00 AM 0.285 1,744,400
31/1/2023 12:00:00 AM 0.3 5,086,600
2/2/2023 12:00:00 AM 0.33 6,305,400
3/2/2023 12:00:00 AM 0.335 4,915,400
7/2/2023 12:00:00 AM 0.315 1,166,300
8/2/2023 12:00:00 AM 0.295 1,853,000
9/2/2023 12:00:00 AM 0.3 739,200
10/2/2023 12:00:00 AM 0.315 1,443,900
13/2/2023 12:00:00 AM 0.305 960,400
14/2/2023 12:00:00 AM 0.3 516,200
15/2/2023 12:00:00 AM 0.285 1,524,500
16/2/2023 12:00:00 AM 0.295 528,000
17/2/2023 12:00:00 AM 0.295 112,800
20/2/2023 12:00:00 AM 0.29 222,000
21/2/2023 12:00:00 AM 0.28 883,700
22/2/2023 12:00:00 AM 0.275 224,000
23/2/2023 12:00:00 AM 0.28 83,500
24/2/2023 12:00:00 AM 0.28 322,600
27/2/2023 12:00:00 AM 0.245 7,673,800
28/2/2023 12:00:00 AM 0.24 1,040,200
1/3/2023 12:00:00 AM 0.24 560,400
2/3/2023 12:00:00 AM 0.24 376,200
3/3/2023 12:00:00 AM 0.24 1,895,200
6/3/2023 12:00:00 AM 0.245 204,500
7/3/2023 12:00:00 AM 0.25 259,700
8/3/2023 12:00:00 AM 0.25 296,900
9/3/2023 12:00:00 AM 0.255 171,400
10/3/2023 12:00:00 AM 0.25 345,200
13/3/2023 12:00:00 AM 0.245 348,100
14/3/2023 12:00:00 AM 0.25 518,700
15/3/2023 12:00:00 AM 0.25 85,500
16/3/2023 12:00:00 AM 0.255 190,500
17/3/2023 12:00:00 AM 0.265 195,200
20/3/2023 12:00:00 AM 0.26 215,700
21/3/2023 12:00:00 AM 0.26 219,000
22/3/2023 12:00:00 AM 0.255 137,600
23/3/2023 12:00:00 AM 0.255 69,900
24/3/2023 12:00:00 AM 0.26 54,900
27/3/2023 12:00:00 AM 0.245 86,400
28/3/2023 12:00:00 AM 0.25 40,000
29/3/2023 12:00:00 AM 0.29 2,923,500
30/3/2023 12:00:00 AM 0.285 663,800
31/3/2023 12:00:00 AM 0.375 33,136,100
3/4/2023 12:00:00 AM 0.395 10,750,900
4/4/2023 12:00:00 AM 0.495 37,114,600
5/4/2023 12:00:00 AM 0.46 26,555,700
6/4/2023 12:00:00 AM 0.555 25,778,300
7/4/2023 12:00:00 AM 0.555 12,681,300
10/4/2023 12:00:00 AM 0.68 50,511,800
11/4/2023 12:00:00 AM 0.715 22,859,300
12/4/2023 12:00:00 AM 0.765 37,209,300
13/4/2023 12:00:00 AM 0.875 32,863,300
14/4/2023 12:00:00 AM 1.09 56,461,800
17/4/2023 12:00:00 AM 1.41 41,578,500#
18/4/2023 12:00:00 AM 1.65 60,618,300
19/4/2023 12:00:00 AM 1.16 65,105,300
20/4/2023 12:00:00 AM 0.815 100,220,300



# 17.4.2023 Salutica received UMA query




Salutica's business has faced challenges over the recent years.  The company has been having losses for a few quarters.  Its revenues have contracted markedly.  Accordingly, its share price too has fallen over the last few years.

Its stocks had traded around 25 sen to 30 sen per share in recent past.  This counter had seen trading volume of less than 1 million shares on most days, with occasional infrequent spikes in its daily volumes of shares traded.

Short term traders would probably had been drawn to this stock on 31/3/2023 when the volume of shares traded was a high of 33,136,100.  

For the next 13 trading days, the traded volumes for this stock were high, between 10,750,900 to 60,618,300 on 18/4/2023 when its share price was the highest at RM 1.72 per share.  It closed on 18/4/2023 at RM 1.65 per share.

On 19/4/2023 and 20/4/2023, its share price dropped severely to close at RM 0.815 per share on 20/4/2023.  The volume traded on 20/4/2023 was the highest to date of 100,220,300 shares.

20/4/2023 Price per share RM 0.815
Market Capital (RM)EPS (cent)
Number of ShareP/E Ratio



Additional related reading:

SUNDAY, 3 APRIL 2011

Penny Stocks: Pump and Dump (SELL TO SUCKERS)




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