for further context i held two other small cap companies that both saw hard share price erosion after they had hyped share price movement. DRE and PBH.
DRE an exploration company road the wave for rare earth minerals from 4c to about 12c, then fell back to 1.6c within 12ish months.
PBH road the legalization of online sports betting in america up to $15ish, then fell down to under $1.
In both cases the market seemed to overhype the opportunity and then corrected back to what some would call below fair value.
I'm trying to decide if DRO will follow a similar trend on the back of this runup, or if there is some resistance or support that it will hold at.
for further context i held two other small cap companies that...
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Last
$1.32 |
Change
-0.080(5.73%) |
Mkt cap ! $1.146B | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.40 | $1.32 | $12.04M | 8.963M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 134196 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |