Reported 2 days ago
Shares of Australia’s Star Entertainment rose by 13.6% on Monday after hitting a record low of A$0.10 last week. Analysts attribute the increase to investors taking advantage of the lower stock price, amid ongoing concerns about the company’s financial troubles, including a cash crunch and a significant drop in available liquidity. Despite the stock's volatility, buyers are hopeful for a potential turnaround.
Source: YAHOO