DRE 4.35% 2.2¢ dreadnought resources ltd

General market selldown due to recession fears due to inflation...

  1. 1,809 Posts.
    lightbulb Created with Sketch. 409
    General market selldown due to recession fears due to inflation tightening measures - nothing to do with DRE specifically

    Small caps sold off particularly hard today due to risk off sentiment

    This will either bounce back hard or if the rout settles could be sent back to 3.5c, where most of us have been before

    Unfortunately for DRE the multiple projects in hand are taking some time to prove out and the market can be an impatient bugger at the best of times. However some of us have been here treading water for the last 9 months so there can be some sympathy for wanting to perhaps sell some and buy the dip on other opportunities

    in the end we wait patiently for the slew of results promised and management have yet to underdeliver so I see not reason to be exiting DRE completely at this time

    i think many of us have seen volatility like this before best to remember the fundamentals even if its a bumpy ride in the short term

    DYOR
 
watchlist Created with Sketch. Add DRE (ASX) to my watchlist
(20min delay)
Last
2.2¢
Change
-0.001(4.35%)
Mkt cap ! $77.28M
Open High Low Value Volume
2.3¢ 2.3¢ 2.2¢ $46.86K 2.038M

Buyers (Bids)

No. Vol. Price($)
9 2178220 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 100000 1
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
DRE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.