New record high for AS Bryden.
AS Bryden, the Trinidad and Tobago based company that is majority owned by the Jamaican based Seprod, surged $8.50 after trading 25,001 shares and closed at a record high of $45.
The stock is up 100 percent since listing in late 2023 at $22.50 in early November last year, but is up 55 percent from the first trade taking place of $29 for investors on the first day of trading.
At the close on Friday, there were only two offers to sell the stock with one for 4,999 units at $45 and 1,260 at $75. Bids were not plentiful with only 10,200 at $36 to buy with a few units above.
In short, the stock is scarce but investors should be careful as the PE ratio is close to 26 in a market with an average around 13.
