DRO 1.13% $1.35 droneshield limited

Ann: Multiple DroneSentry-X Orders, page-17

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  1. 554 Posts.
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    Historically there has been substantial movement on announcements such as these but we've had $1.5m in sales over 2 announcements and our movement has been near 0. I think there is a degree of fatigue and antipathy towards DRO as an investment. To many, it is not a fresh company and we've been here before so why would this be any different?

    We've also seen 2 days with 2m+ shares being dumped around the 17c range. So perhaps we are looking at a large holder who is trying to dump out - potentially Paragon or Regal in the rare chance they are still around. Bergen could be too but i doubt it.

    Ultimately this is just part of being in the speculative penny stocks. We're just waiting for 2 things, #1 for DRO to produce a sales pipeline where we can expect recurring revenue (unlikely in ME, likely in EU and USA) and #2 is for the Market to become aware of and believe in DRO.

    Once we get to that stage I suspect price movements will become more predictable/stable.
 
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Last
$1.35
Change
0.015(1.13%)
Mkt cap ! $1.172B
Open High Low Value Volume
$1.43 $1.45 $1.35 $20.91M 14.97M

Buyers (Bids)

No. Vol. Price($)
16 239317 $1.35
 

Sellers (Offers)

Price($) Vol. No.
$1.35 57407 3
View Market Depth
Last trade - 16.10pm 08/10/2024 (20 minute delay) ?
DRO (ASX) Chart
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