It certainly boggles the mind, almost 15% up!
The only reasoning I can fathom is the market expected a far worse net loss and/or worse debt position/cash burn.
Perhaps also the market sees this as a solid foundation, that OML is out of the woods and it has far more proclivity for upside going forward.
Ann: 2020 Full Year Results Presentation, page-10
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Last
$1.24 |
Change
0.010(0.81%) |
Mkt cap ! $668.0M | |||
| Open | High | Low | Value | Volume |
| $1.25 | $1.26 | $1.23 | $397.5K | 320.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14270 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.25 | 3581 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| OML (ASX) Chart |