Business
Here’s why Bingo (ASX:BIN) shares are dropping today
The Bingo Industries Ltd (ASX: BIN) share price is having a bleary day today. At the time of writing, its shares are trading for $3.14 apiece, a drop of 1.72%.
The Bingo share price opened at $3.19 this morning and rose as high as $3.21 before sharply dropping off around 11 am.
That drop appears to be a late response to the earnings report Bingo delivered to investors this morning. This earnings report covers the first half of FY2021 (the 6 months ending 31 December 2020).
What is Bingo?
Think bins, not meat trays here. Bingo, along with its rival Cleanaway Waste Management Ltd (ASX: CWY), is one of the largest waste collections and processing companies on the ASX.
Bingo is known for its commercial and industrial waste collections…
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