If STO announced a Capital Raising with an Asset sale the sentiment in marketplace is a CR share price of $2.60. If this is the case I would anticipate the SP to dive lower. So it may be worth the risk to take stock after the announcement. Similar to ORG with their CR announcement stock plummetted to $5.32 and climbed by 20% after the trading hold, before coming back again. However, it came off its trading hold in a favourable marketing environment of rising oil price and AUD$... Hard to pick the bottom and will the $3.96 SP be retested?
If STO announced a Capital Raising with an Asset sale the...
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Last
$7.62 |
Change
0.120(1.60%) |
Mkt cap ! $24.71B | |||
| Open | High | Low | Value | Volume |
| $7.60 | $7.65 | $7.57 | $19.67M | 2.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 38 | 37532 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.63 | 49199 | 46 |
View Market Depth
| Last trade - 15.09pm 25/06/2024 (20 minute delay) ? |
| STO (ASX) Chart |