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
4.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.62M |
Open | High | Low | Value | Volume |
4.4¢ | 4.6¢ | 4.4¢ | $5.956K | 133.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10153 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 1690 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10153 | 0.044 |
2 | 192648 | 0.043 |
5 | 577256 | 0.041 |
10 | 561050 | 0.040 |
2 | 62693 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 1690 | 1 |
0.050 | 108333 | 3 |
0.051 | 11001 | 1 |
0.055 | 1309 | 1 |
0.056 | 71428 | 1 |
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