At 3 cents the market cap of PCL is just above the cash holding of the company.
Although Sunrise was non commercial the drilling has enhanced the value of the Kenya acreage and has probably aided the interpretation of the structure.
The 10B permit should be drilled before long which should create some interest .
When one looks at the market caps of other oil companies e.g.FAR it is remarkable that one of them has not made a bid - scrip or cash - for FAR.
value
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Last
1.8¢ |
Change
0.001(5.88%) |
Mkt cap ! $146.3M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.8¢ | 1.7¢ | $137.2K | 8.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1680677 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 8217177 | 10 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| PCL (ASX) Chart |