Despite the news that there is a massive amount of oil and even more to be tapped into, the price is sliding rather than falling, which doesn't make much sense to me. I'm waiting to add to my holding, but the lack of enthusiasm at present for the stock is curious. With so many shares on issue, buying half a million here or there by people is nothing. I agree about production and that looks like it is well off at this stage - people getting excited but news of drilling an even deeper hole is just a distraction from actual news - I'd like more on what is being done about getting the out above ground and that will make things move in the right direction. I'm watching and wondering.
MAY shaare price - how low can it go?, page-19
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Last
3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $121.3M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.6¢ | 3.4¢ | $73.34K | 2.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1076997 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 140701 | 6 |
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| Last trade - 11.24am 07/10/2024 (20 minute delay) ? |
| MAY (ASX) Chart |