Yes - it's odd the way the share price gets knocked down quite fast if it jumps above 12.70..
I keep asking myself why that would be and I come up with some ideas such as;
One - someone is prepared to sell down any rallies to facilitate accumulation lower down
Or two- the sp is being weighed down for a bid
Or three- the sp is being weighed down by those in the know about a cap raising and they want that struck as low as possible
Or four- Santos has triggered another mud volcano we don't know about yet- LOL.
I put these in order of merit as I see it.
Anyone else have any ideas? It is pretty unusual to find a stock languishing like this when local analyst's almost universally have a buy rec and price target over $15.
STO Price at posting:
$12.60 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)