1-Page Ltd's (ASX: 1PG) incredible rally has seemingly come to an end today with the highly speculative tech company's shares falling 17.3% to trade at $4.50.
1-Page is striving to revolutionise the way in which companies hire new talent by asking job applicants to complete a challenge related to the job they are applying for, rather than asking them to submit a resume. The company says this process saves its clients both time and money whilst also improving a company's staff turnover by better ensuring the right person gets hired for the role in the first place.
While I believe 1-Page could have a promising future ahead of it (it could even go on to rival the likes of SEEK Limited (ASX: SEK)), its shares have become somewhat expensive. They hit a high of $5.69 during yesterday's session, up a remarkable 2,088% from their 52-week low, so a pullback was to be expected at some point.
Although the shares could remain volatile in the near future, any further pullbacks could be an opportunity for investors willing to take a bit of risk to build a small position in the company.
