OEC 0.00% $1.03 orbital corporation limited

Might be have hit bottom

  1. 6,931 Posts.
    Yesterday OEC closed up about 1.5 c at 27 c on about 1.4 mill vol. Last night in New York it closed up 11 c per ADR (8 Aus shares per ADR) to close at 1.20.
    Some good news might be cominig as it has been sold down for some time. Watch next week. Incidently I have not heard any rumours. Mr Cook, the relatively new CEO, was conducting a 90 day review and it is now about 120 days since the announcement. So maybe he will release a statement next week. If the market movement is correct then it could be good news.



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