DRO 0.00% 85.0¢ droneshield limited

Historically there has been substantial movement on...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 570 Posts.
    lightbulb Created with Sketch. 292
    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.
 
watchlist Created with Sketch. Add DRO (ASX) to my watchlist
(20min delay)
Last
85.0¢
Change
0.000(0.00%)
Mkt cap ! $741.2M
Open High Low Value Volume
85.0¢ 87.0¢ 79.5¢ $15.83M 18.95M

Buyers (Bids)

No. Vol. Price($)
3 62969 85.0¢
 

Sellers (Offers)

Price($) Vol. No.
85.5¢ 36700 3
View Market Depth
Last trade - 16.10pm 08/11/2024 (20 minute delay) ?
DRO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.