Logic says it's a good chance its speculation about Honeywell negotiations which the company has been upfront about and are not obligated to release details until a contract is executed.
IF it's that then it would likely mean revenue on the near horizon. SOR fully own the gig and so don't need to share profit. I also reckon that was why the institutional investor was happy to do a placement recently at $3M - their money was safe. They recently announced they were working with Honeywell to finalise a deal ASAP...makes sense because they successfully completed all testing of the ASV and Honeywell were there on site at the time.
Otherwise people getting interested in a defence contract down the road? Or maybe simply another institutional investor simply taking a position??
There would also be a degree of FOMO in the market as SOR is so heavily watched and people know how quickly it hit $0.90 in January this year. The other thing is the register is not really heavily diluted which also helps SP movement.
Or it's something left field... Good luck all!
Cheers
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Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.34M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 371146 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 11190 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 371146 | 0.037 |
5 | 778249 | 0.036 |
3 | 582230 | 0.035 |
3 | 91001 | 0.033 |
3 | 153469 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 11190 | 2 |
0.041 | 36025 | 2 |
0.042 | 851122 | 1 |
0.043 | 12693 | 1 |
0.045 | 1071011 | 2 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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