Wednesday, February 9, 2011

Goldtsa Synergy tumbles at midday

KUALA LUMPUR: Loss-making Goldsta Synergy Bhd's share price tumbled at midday on Wednesday, Feb 9, sliding to 37.5 sen, giving up all its previous day's gains.

At 12.30pm, it was down 22.5 sen to 37.5 sen with 55,200 shares done. The losses saw RM9.45 million erased from its market capitalisation.

On Tuesday, the share price surged 23 sen to 60 sen in the absence of any fresh positive news.

According to the latest financial results, it posted losses of RM1.26 million in the third quarter ended Sept 30, 2010 on the back of RM5.12 million in revenue.'' However, its net assets per share were RM1.21.

It was in deficit of RM2.94 million as at end September while its short-term borrowing totalled RM12.03 million.

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