Yes, the announcement from Canavan, the Resources Secretary, looks far more favorable compared to the adverse market reaction. Another example of the market overreacting to the downside, I get the impression some ASX participants are tree shaking with companies such as STO plodding them far lower only to buy back once lowball prices occur, we have seen this with ORG, WPL, SXY and now STO.
There are so many limited opportunities in this bull market to buy good stocks at low prices when one comes along, the tree shakers come out and the buying opportunity is an opportunity difficult to refuse IMHO but pls DYOR.
STO - BUY IMO, page-76
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Last
$7.02 |
Change
0.180(2.63%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $7.03 | $6.91 | $81.59M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125302 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 766 | 1 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |