Could be that a broker mandated a buy order on Karoon yesterday and assigned it to a rookie to manage the process. The rookie got confused and instead of buying, they were selling. This morning the rookie has been replaced with a pro who is trying to regain their position.
Nice tale?
But who can explain wtf happened yesterday and what is happening today?
Those who know this stock would know that if a well is offline, volume will drop and cost per barrel will rise. So what was the shock in the half yearly that couldn't have been suspected beforehand??
I suspect that yesterday the low was set and now starts the reversal.
Could be that a broker mandated a buy order on Karoon yesterday...
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Last
$1.65 |
Change
0.035(2.17%) |
Mkt cap ! $1.281B | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.69 | $1.63 | $12.23M | 7.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 228084 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 78806 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |