If STO announced a Capital Raising with an Asset sale the sentiment in marketplace is a CR share price of $2.60. If this is the case I would anticipate the SP to dive lower. So it may be worth the risk to take stock after the announcement. Similar to ORG with their CR announcement stock plummetted to $5.32 and climbed by 20% after the trading hold, before coming back again. However, it came off its trading hold in a favourable marketing environment of rising oil price and AUD$... Hard to pick the bottom and will the $3.96 SP be retested?
Potential capital raising, page-50
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Last
$8.01 |
Change
0.060(0.75%) |
Mkt cap ! $26.14B | |||
| Open | High | Low | Value | Volume |
| $8.01 | $8.09 | $7.98 | $94.36M | 11.75M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 112440 | $8.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.02 | 5500 | 1 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |