ASX company DroneShield Ltd (DRO)
Good afternoon MM team. Just wondering if you can give me some background about the big rise in the price of DRO. Is is a good time to take profits? Thank You for your continued great advice.
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Answer
Hi David,
Major shareholder Regal (RPL) was buying stock in DRO this week, upping their stake. They’ve been vocal supporters of DRO for a while now and have written and distributed content supporting their thesis. They now own 8.3% of the company, having bought an additional ~9.5m shares.
- Technically the upside momentum still looks good at this stage.
