The strong price action today on fairly high volume means a couple of things to me.
This is the highest price it has closed at since the bid come in from Harbour and it closed very strongly on today's highest price.
I believe Harbour will come back and announce to the market that they will be increasing their offer to about $6.75- $6.90 region
or
someone else could be buying up to become a substantial holder for a rival bid !!
Just a hunch I have at the moment based on my observations.
STO, page-9
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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 | $42.96M | 6.156M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 58877 | $7.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 49067 | 38 |
View Market Depth
| Last trade - 15.40pm 30/09/2024 (20 minute delay) ? |
| STO (ASX) Chart |