"It should lead to a blow out in the price if they discover anything worthwhile but also might prevent a significant slide on a negative result."
Comment:
ARQ has badly underperformed the Energy Index. That is why ARQ is only about 20 cents off three year lows.
If the first wells ARQ drills in the Canning Basin are failures I think the market will punish ARQ, and punish ARQ very hard.
looking strong, page-3
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $153.0K | 985.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 157818 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 496370 | 10 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |