I think you will see some selling coming in to end the financial year over the next couple of days... some will sell for a loss and start afresh ... while others just had enough and just want to move on.
I personally think that the share price is holding up very strongly and not far off the highs when the takeover offer was on the table.
As we get closer to August when I think STO reports again, if there is any news of dividends been reinstated, which I have a feeling they will be and possible other positive news of debts been paid down, look for the share price to march towards the $6.50 - $6.65 region in the short term !
Is acquiring Quadrant a good idea?, page-19
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Last
$6.84 |
Change
-0.080(1.16%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.92 | $6.94 | $6.75 | $97.69M | 14.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96681 | $6.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 5679 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |