SHARES in the world’s largest cattle producer, the listed Australian Agricultural Co, have shot to a new four-year high this week, on the strength of last week’s announcement over re-valuation of property assets.
The stock closed on the ASX this afternoon at $1.88, up 19c or 11 percent since the start of May, and up a solid 63c on this time last year. The last time share value was this high was mid-2017, just prior to the drought.
There’s also been a significant lift in daily trading volumes over the past week, including several days where well over one million shares were…
