Key takeaways at a glance (13 Nov 2025)
- Germany (Tradegate, symbol DRH): As of 11:16 CET, DroneShield last traded at €1.396, down 22.27% on heavy turnover, with an intraday range of €1.322–€1.506 and volume above 11.6m shares. [1]
- Germany (LS Exchange): A simultaneous read showed €1.418 (-21.18%) around 11:14 CET, underscoring broad weakness across German venues. [2]
- U.S. OTC (ticker DRSHF): The line last closed at $2.12 on Nov 12, 2025 (4:00 p.m. ET). U.S. trading on Nov 13 will reflect the overnight headlines later in the session. [3]
- Identifiers:WKN: A2DMAA • ISIN: AU000000DRO2 • German symbol: DRH. [4]
What happened today
DroneShield’s stock is under pressure across European trading after a dramatic sell‑off on the Australian market tied to insider transactions. Bloomberg reported that CEO Oleg Vornik sold A$49.5 million worth of shares between Nov 6–12, part of performance options that vested on Nov 5. The ASX‑listed shares slumped about 31% intraday on Thursday in Sydney. [5]
In a same‑day filing titled “13 November Share Price Movement,” the company acknowledged the price move following the lodgement of change‑of‑director interest notices and reiterated that option awards are a component of employee compensation. That language was echoed in coverage and live market blogs in Australia. [6]
Separately, DroneShield responded to an ASX price‑query letter today, stating there is no undisclosed information behind the volatility and linking the trading to director disposals. [7]
How that is showing up in Germany and the U.S.
- Germany: The German lines trade most actively on Tradegate and LS Exchange. By late morning in Europe, DRH was down ~21–22% with €16.6m in turnover on Tradegate alone—an unusually heavy session for the name. [8]
- U.S. OTC: The U.S. ticker DRSHFsettled at $2.12 last night (Nov 12). Given the timing, the U.S. line had not yet reflected today’s ASX/German moves at the last print; investors will watch the Nov 13 OTC session for the follow‑through. [9]
The driver: insider sales and governance optics
- Insider transactions: Exchange notices show large disposals by directors, including the chair. One Appendix 3Y details Peter James disposing of 3,685,345 shares for A$12.35m, retaining vested options—illustrating the size of the sell‑down beyond the CEO’s trades. [10]
- Company stance: DroneShield says yesterday’s change‑of‑director notices triggered the market reaction and that those moves are “unrelated to the company’s growth trajectory.” [11]
- Recent credibility wrinkle: Earlier this week, DroneShield withdrew a 10 Nov announcement about U.S. government orders, adding to scrutiny around disclosures just days before today’s sell‑off. [12]
Major Australian outlets amplified the story throughout the day, noting the scale of selling and the sharp repricing from recent highs. [13]
Context for new readers
DroneShield is an Australia‑based counter‑drone specialist (primary listing: ASX:DRO) that has been one of 2025’s standout defense names, buoyed by demand for drone detection and defeat systems. A recent Financial Times profile highlighted rapid revenue growth and heightened geopolitical demand—helpful context for understanding why insider selling can bite harder in momentum‑heavy stories. [14]
Tickers, venues & basic reference
- ASX (primary):DRO
- Germany:DRH (Frankfurt/Tradegate); WKN A2DMAA; ISIN AU000000DRO2 [15]
- U.S. OTC:DRSHF (last close $2.12 on Nov 12, 2025). [16]
What to watch next
- Further exchange notices: Any additional Appendix 3Y filings or clarifications from the board could sway sentiment near‑term. [17]
- ASX follow‑ups: If the exchange requests more information, DroneShield’s responses will be price‑sensitive. [18]
- Upcoming catalysts: The U.S. OTC line will digest today’s Asia‑Pacific trading during the Nov 13 session stateside; the company’s next scheduled events (e.g., Q&A or earnings timing) are typically flagged in investor materials and calendars—StockAnalysis currently shows an earnings date of Nov 25, 2025. [19]
Methodology note
All prices and ranges above are as quoted today, 13 Nov 2025, on their respective venues (timestamps included). German quotes were taken from Tradegate and LS Exchange; U.S. data reflect the latest OTC close available at press time. [20]
This report is for information purposes only and is not investment advice. Always check live prices on your broker’s platform before trading.
References
1. www.tradegate.de, 2. www.ls-tc.de, 3. stockanalysis.com, 4. www.boerse-frankfurt.de, 5. news.bloomberglaw.com, 6. announcements.asx.com.au, 7. announcements.asx.com.au, 8. www.tradegate.de, 9. stockanalysis.com, 10. company-announcements.afr.com, 11. announcements.asx.com.au, 12. announcements.asx.com.au, 13. www.afr.com, 14. www.ft.com, 15. www.boerse-frankfurt.de, 16. stockanalysis.com, 17. company-announcements.afr.com, 18. announcements.asx.com.au, 19. stockanalysis.com, 20. www.tradegate.de
