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QORIA (ASX:QOR) has had an interesting few weeks. After selling off -20% on January 20 – on a poorly received quarterly report which saw staff costs rising, despite claiming on the next slide AI was fixing this – we learned aftermarket Monday the company’s been hit with a takeover offer from a private U.S. entity, Aura.
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That takeover news came out around an hour after market close on Monday, and it followed a fairly bad start for the company YTD; for those out of the loop, QORIA Ltd is a developer of cybersafety software for kids; AURA is a private “AI-powered online safety platform.” Of course it is.
At any rate, the company was the top gainer, heading into arvo trades Tuesday (a crown it was firmly holding onto, despite a sharp XGD surge).
That’s well and good, but there’s some interesting erstwhile price action to observe for QORIA, which not only this finance journalist finds interesting, being joined by at least one other HotCopper user (even if a lot of HotCopper forum users can oft be fatally conspiratorial) Still:
The company kicked off CY26 at 60cps; flirted with 70cps on January 7; thereafter began a decline down to 50cps, which bottomed out at 32cps on January 28, eight days after that quarterly that flagged rising costs.
The quarterly report, which flagged rising costs, really helped put some nausea into shareholders, and the disclosure was enough to rattle the relatively obscure stock with a tree shake.
But on Monday, appetite for the company, now looking at its new owners, privately-held U.S.-based Aura, has clearly improved. In fact, looking at ~1pm East Coast time, nearly $31M of trades in the company had traded hands; a volume of 71.3M versus 4wkavg turnover of only 16.74 million.
So the sudden surge in liquidity is definitely unusual, but it can’t be called ‘unexpected’ given plenty would have spotted the takeover offer aftermarket Monday evening. (Especially because it’s somewhere to put money that isn’t metals.)
At any rate, this finance journalist alleges no wrongdoing, only that some interesting price action preceded (and arguably followed) the deal.
Four brokers, it’s worth noting, have been rating the stock a “Buy” – even though, up until yesterday, it was a fairly obscure stock that existed in relative obscurity. But if Life360 can become a multi-bagger, well.
QOR last traded at 41.5cps today.
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