-Someone announces they will short
-Sellers panic
-Trading halt announced (Price Sensitive)
The trading halt is what makes this an absolute roller coaster.
Few theories;
-Shorter times this incredibly poorly and by pure chance DRO are about to drop a major contract announcement
-DRO noticed the sharp drop and will announce a minor contract announcement to help ease the sell off
-Neutral announcement regarding the sharp sell off (though given its price sensitive I’m not sure about this one)
-Capital Raise? Just had one 2 months ago
Anyone else got other theories?
What happened, page-8
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Last
$1.42 |
Change
-0.130(8.39%) |
Mkt cap ! $1.082B | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.55 | $1.41 | $47.97M | 32.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 73667 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 12500 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| DRO (ASX) Chart |