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.
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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. |
---|---|---|
$1.09 | 108609 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25001 | 1.085 |
3 | 123500 | 1.080 |
3 | 48790 | 1.075 |
9 | 80739 | 1.070 |
3 | 207000 | 1.065 |
Price($) | Vol. | No. |
---|---|---|
1.090 | 83609 | 7 |
1.095 | 67770 | 5 |
1.100 | 79876 | 14 |
1.105 | 53000 | 2 |
1.110 | 33000 | 4 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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DRO (ASX) Chart |