The SUMO options/oppies (exercise price 25 cents/expiry 30 September 2025) are being held pretty tightly by the looks of it. Certainly, there are not many available at the moment, which is very interesting. That might change, should our SP get closer to the exercise price?
The exciting thing (in my opinion) is that the drilling campaign begins mid-May, which is pretty exciting. Given hype (real or imagined), FOMO, etc, it is not impossible for a company like SUM to hit an MC of $20 million, even without actual results. That's approx. 50 cents per share (around 25 cents on the oppies). It's a hypothetical, of course, but potentially a good 'play'. Good results could send us way above those levels. Just in my humble opinion and as always, do your own research (and in particular with options).
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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3 | 52382 | 20.5¢ |
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Price($) | Vol. | No. |
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21.5¢ | 20860 | 3 |
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3 | 52382 | 0.205 |
1 | 10000 | 0.200 |
3 | 30460 | 0.195 |
1 | 5000 | 0.190 |
3 | 419634 | 0.185 |
Price($) | Vol. | No. |
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0.215 | 14305 | 1 |
0.220 | 64564 | 5 |
0.225 | 59000 | 2 |
0.235 | 86330 | 3 |
0.240 | 50000 | 1 |
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