Wall street is basically attempting to price in the uncertain events ahead. If OPEC freezes (unlikely given Iraq, Iran, Kuwait, Saudi, and Russian production is all up this month a combined 500kbpd +), oil might shoot to 50, if it doesn't oil will retrace to mid-low thirties. Wall street doesn't know what to do at the moment, so you're seeing any minor data point rocketing the price around.
I think STO holders are concerned about their high debt ratios when compared with nearly every other comparable company in the world.
All IMO
An Alternative Opinion On STO, page-13
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Last
$7.86 |
Change
-0.180(2.24%) |
Mkt cap ! $25.52B | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.94 | $7.86 | $50.92M | 6.465M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 13931 | $7.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| STO (ASX) Chart |