DRO

0.52%

95.0¢ droneshield limited

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TheAnalyst007

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20/06/24

10:17

Post #: 74404080
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Originally posted by YY915: ↑

Chat can give you an idea what might be going on.
Companies may choose to pause trading of their stock on the market for various reasons, especially when a big contract is involved. Here are a few potential reasons for such an action:
Regulatory Compliance: When a company is about to announce a significant contract, it might constitute 'inside information' that could substantially affect the company's share price. To maintain a fair trading environment and comply with regulatory requirements, the company may request a trading halt until the information is publicly released.
Preventing Speculation: A trading halt can prevent speculative trading that can lead to increased volatility in the company's stock price. This is particularly important when the details of the contract are not yet public and might lead to unfounded rumors that could affect the stock price unfairly.
Ensuring Informed Trading: By pausing trading, the company ensures that all investors have access to the same information when making decisions, which maintains market integrity. Once the details of the contract are disclosed to the public, trading can resume on an informed basis.
Managing Market Impact: A significant contract can have a substantial positive or negative impact on a company's financial outlook. Temporarily pausing trading allows the market to absorb and assess the impact of the contract announcement without the immediate pressure of trading activities.

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DRO Price at posting: $1.56 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 95.0¢		Change -0.005(0.52%)		Mkt cap ! $828.5M

Open	High	Low	Value	Volume
95.0¢	96.5¢	93.5¢	$6.567M	6.929M

Buyers (Bids)

No.	Vol.	Price($)
2	82980	95.0¢

Sellers (Offers)

Price($)	Vol.	No.
95.5¢	76603	6

View Market Depth

No.	Vol.	Price($)
2	82980	0.950
2	30000	0.945
13	101849	0.940
15	361715	0.935
15	41796	0.930

Price($)	Vol.	No.
0.955	76603	6
0.960	372946	5
0.965	18119	4
0.970	21300	2
0.975	31000	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

DRO (ASX) Chart

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