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
$1.26 |
Change
0.010(0.80%) |
Mkt cap ! $678.8M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.28 | $1.26 | $1.314M | 1.041M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8286 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 9357 | 2 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| OML (ASX) Chart |