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Same playbook as Coraza, but Coraza’s earnings and prospects are actually brighter. This one looks more like a pump-and-dump, be careful, the buyers can suddenly disappear. Their main revenue still comes from modular building, and with NEOM potentially cancelling or scaling down projects, the risk is even higher.
Remember, don’t FOMO.
Look for opportunities to exit. Their fundamentals remain weak, and the recent move looks more like a pump-and-dump than a sustainable trend.
With the moratorium ending soon, there is a high chance of selling pressure as insiders may use any rally to exit.
