Historically there has been substantial movement on announcements such as these but we've had $1.5m in sales over 2 announcements and our movement has been near 0. I think there is a degree of fatigue and antipathy towards DRO as an investment. To many, it is not a fresh company and we've been here before so why would this be any different?
We've also seen 2 days with 2m+ shares being dumped around the 17c range. So perhaps we are looking at a large holder who is trying to dump out - potentially Paragon or Regal in the rare chance they are still around. Bergen could be too but i doubt it.
Ultimately this is just part of being in the speculative penny stocks. We're just waiting for 2 things, #1 for DRO to produce a sales pipeline where we can expect recurring revenue (unlikely in ME, likely in EU and USA) and #2 is for the Market to become aware of and believe in DRO.
Once we get to that stage I suspect price movements will become more predictable/stable.
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Last
$1.34 |
Change
-0.063(4.46%) |
Mkt cap ! $1.168B |
Open | High | Low | Value | Volume |
$1.37 | $1.37 | $1.30 | $15.67M | 11.74M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 48719 | $1.34 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.34 | 140280 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 40244 | 1.335 |
16 | 172248 | 1.330 |
19 | 95805 | 1.325 |
25 | 311586 | 1.320 |
8 | 106548 | 1.315 |
Price($) | Vol. | No. |
---|---|---|
1.340 | 88129 | 23 |
1.345 | 97145 | 13 |
1.350 | 140927 | 6 |
1.355 | 68567 | 5 |
1.360 | 105591 | 7 |
Last trade - 15.24pm 04/09/2024 (20 minute delay) ? |
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DRO (ASX) Chart |