It is macro pressures doing the damage not shorters.
Shorters have not made Brent oil go below $30 per barrel which is essentially sending STO broke.
The only hope for STO is that oil recovers fairly quickly.
If oil stays at $30 all year or drops further still it will be goodnight nurse.
Can STO survive, page-216
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $22.21B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5564 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |