re: Ann: MOU with Image Resources over Cyclon... i hear you...

  1. 1,743 Posts.
    lightbulb Created with Sketch. 106
    re: Ann: MOU with Image Resources over Cyclon... i hear you tradersam (and also agree with yr comments dgoodwin).

    drx seems to be a very lightly traded stock. in such situations even apparent good news such as this may have a fairly muted effect on the sp.

    i don't know much of the share distribution but suspect that a significant proportion may be in the hands of a few? this would leave an illiquid balance for small shareholders to play with.

    i also think that many smaller punters see any drx/ima sands projects as longer term developments which may tend to distance their reaction to good news such as this (even if only psychologically)?

    as dg said, this one requires patience. hopefully the rewards will be there for the patient few!

 
watchlist Created with Sketch. Add DRX (ASX) to my watchlist
(20min delay)
Last
2.0¢
Change
-0.002(9.09%)
Mkt cap ! $74.59M
Open High Low Value Volume
2.1¢ 2.1¢ 1.8¢ $139.2K 7.099M

Buyers (Bids)

No. Vol. Price($)
1 33999 2.0¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 638974 2
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
DRX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.