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zAngus
Jan 15, 2020 1:25 AM

$PPK:ASX - PPK GROUP - Up 800% over 12 months. Long

PPK GROUP LIMITEDASX

Description

PPK is involved in the manufacturing and leasing of mining equipment and is still up close to 800% over 12 months and that is after a significant pull back. Its price has been travelling sideways now for a little while and compressing quite nicely with buyers and sellers stalemated. I have an alert set a bit above the current price to watch for a breakout. Might be worth keeping an eye on.

PPK Group Ltd. engages in the manufacture of load haul dump machines for the underground coal mining industry. It operates through the Investing and Mining Equipment segments. The Investing segment includes the management of debt and equity investments. The Mining Equipment segment comprises of design, manufacture, service, support, and distribution of CoalTram; and other underground coal mining vehicles, alternators, electrical equipment, drilling and bolting equipment and mining consumables, and hire of underground coal mining equipment. The company was founded by Glenn Robert Molloy in 1979 and is headquartered in Brisbane, Australia.
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