I would be surprised if DRO drops more than a few cents below the SPP if at all, I viewing the share price behavior as similar to EOS except that DRO is in a better position with I hope up coming contracts and ones already signed.
20/03/24 EOS closed @ $2.08
SPP announcement @ $1.70
25/03/24 EOS closed @ $1.71
08/04/24 EOS dropped to its lowest price of $1.545.
20/04/24 the big US spend was announced
20/04/24 EOS has risen from $1.68 to now $1.79 (27/04/24).
So with the announcement from the US and the way that EOS has behaved I would say DRO is pretty good value @ around the 80cents mark and will soon see it back over the dollar.
Run your own race
I would be surprised if DRO drops more than a few cents below...
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Last
89.0¢ |
Change
0.015(1.71%) |
Mkt cap ! $626.9M | |||
| Open | High | Low | Value | Volume |
| 88.5¢ | 90.5¢ | 87.0¢ | $6.778M | 7.642M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 89.5¢ | 250112 | 3 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
88.8¢ |
Change
0.015 ( 2.16 %) |
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| Open | High | Low | Volume | ||
| 89.0¢ | 90.5¢ | 87.0¢ | 3337489 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| DRO (ASX) Chart |