EOS until recently was on the brink of bankruptcy. Unlikely the retail investors are selling DRO to buy EOS. EOS has an interesting tech, but it needs to start being profitable for starters.
DRO might have been overvalued at $2.6, but the next report if positive will definitely raise the fair value estimates.
What likely happened is traders taking profits and triggering some stop losses.
What happened, page-6
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Last
$1.17 |
Change
-0.110(8.63%) |
Mkt cap ! $1.007B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.14 | $15.64M | 13.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 39065 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 15636 | 16 |
View Market Depth
| Last trade - 14.38pm 27/08/2024 (20 minute delay) ? |
| DRO (ASX) Chart |