Someone is going to have to do a lot of explaining to their superiors on the immense stupidity to build a short position on DVP with its prospects and imminent news flow.
I'm thinking a trading desk had a good feeling this was going to test and print a double bottom and expecting to take this out to trigger liquidity to buy the stock back as expectation is that stop losses would have been heavily concentrated somewhere in the $1.70 range.
I think the quarterly albeit containing info we already had known has surprised the market with increased revenue in mining services and ruined this prospect for the trading house.
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Last
$2.28 |
Change
0.120(5.56%) |
Mkt cap ! $588.3M |
Open | High | Low | Value | Volume |
$2.19 | $2.30 | $2.18 | $1.391M | 615.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 4478 | $2.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.29 | 9575 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 4478 | 2.250 |
1 | 4478 | 2.240 |
1 | 1751 | 2.170 |
1 | 3000 | 2.150 |
1 | 4629 | 2.070 |
Price($) | Vol. | No. |
---|---|---|
2.290 | 9575 | 3 |
2.300 | 39126 | 9 |
2.310 | 4478 | 1 |
2.350 | 727 | 2 |
2.380 | 150 | 1 |
Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
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DVP (ASX) Chart |