AUSTRALIAN Agricultural Co shares took a significant hit yesterday, falling seven percent on a day of particularly active sell-downs.
Either directly or indirectly, the stock’s performance appears to be related to the deterioration in the cattle market and flat international beef trading conditions.
AA Co shares closed at $1.35 yesterday, down 10c on the previous day, to reach their lowest point since June 2021. The share price has ranged as high as $1.96 over the past 12 months.
As the 12-month share price graph published above shows, yesterday produced an abrupt downturn, after a…
