I think Xurpas is still a good company with a long term perspective. The owner had been in the series of buying back the stocks of the company. Possible reason is that Nix Nolledo (CEO) know that the intrinsic value of the company is higher than it’s current stock price and that possibly they are expecting higher returns in the near future.
In my opinion, the price is sluggish this time because the company had been spending for CapEx and they have not announce any new mobile games or product which will catapult the market to buy.
Reviewed By Al Jay