Quantum Foods’ shares rocket amid jostling for control
Its stock is up more than 200% despite it making a loss in the most recent financial year
02 April 2024 - 19:46
Chicken and feed producer Quantum Foods is the best-performing JSE-listed stock this year with its share price up more than 200%, despite it making a loss in its most recent financial year.
Amid high input inflation and constrained consumers, food producers have struggled with profitability in recent years. But Quantum is experiencing a bidding war that has taken its share price from R4.50 to as much as R15.50. ..
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