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  5. PRL: Hi PRL seems to be having a hard time the last month. [Propel Holdings Inc.]
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Q: Hi

PRL seems to be having a hard time the last month. It has lost 35% in that time.
Is there any problems that is causing this drop?

Thanks

Asked by Herm on February 28, 2025
5i Research Answer:

Other than 'the market' and a small target price move down by Canaccord ($41.50 to $40.00) we have nothing concrete to point to. There has been no company news in a long time, other than the dividend hike on Feb 11. Fear of losses in a recession may be one reason.

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