DRO was trading at 0.18 around a month ago before rapidly climbing to 0.42 then levelling off at 0.37.
The talk on HotCopper was whether the price would fall back to 0.18 range in a similar way that its price has fallen back after previous sharp rises.
I would see the CR of 0.30 (at discounted price) is a vote of confidence by investors that the share price won’t fall back below 0.30 anytime soon. If investors are happy that 0.30 is a “discount”, I feel confident there is support of the value of the current share price.
Hopefully more sales soon will maintain the upward trend.
Ann: Trading Halt, page-43
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Last
$1.09 |
Change
0.075(7.39%) |
Mkt cap ! $950.5M | |||
| Open | High | Low | Value | Volume |
| $1.08 | $1.09 | $1.02 | $22.75M | 21.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25001 | $1.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 108609 | 10 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |