don't know what is driving ORI down, doesn't make a lot of sense at a fundamental level as they are a VOLUME based play, not a PRICE based play. I expect VOLUME to hold up much better than PRICE and therefore ORI to outperform the resource co's exposed more to Price like BHP.
I note the buy side is very thin in ORI, and this could be the fallout from some investors being overweight in the cap raising.
ORI also got the timming of the cap raising right despite questions at the time.. Bought some more today
no relief, page-2
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Last
$17.87 |
Change
-0.080(0.45%) |
Mkt cap ! $8.686B | |||
| Open | High | Low | Value | Volume |
| $18.00 | $18.08 | $17.87 | $10.02M | 559.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 16285 | $17.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.95 | 392 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ORI (ASX) Chart |