CE1 looking primed for a breakout IMO.
- currently undertaking a drilling campaign for 3 new wells (Attachment 1 & 3).
- $7.5 million capital return, equalling 1.2c per share due this month (image of announcement below).
- oil prices in an uptrend and looking strong (attachment 2 & 3).
- Auctus Advisors have a price target of $0.45c (attachment 5).
- management have been recently buying on-market.
- top50 shareholders control 63.6% of CE1.
- Canadian players have presented takeover bids for CE1 in recent past, and future bids are being speculated.
- strong news flow expected in the short/medium term due to drilling campaign and due to talk of potential takeover bid.
- Annual revenue = AU~$98 million dollars.
Current market cap AU$~ $58 million
Significantly undervalued IMO
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Last
0.9¢ |
Change
0.003(50.0%) |
Mkt cap ! $5.067M |
Open | High | Low | Value | Volume |
0.7¢ | 0.9¢ | 0.7¢ | $239.3K | 32.27M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 99884 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1005664 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 680600 | 0.009 |
8 | 5517015 | 0.008 |
12 | 9115471 | 0.007 |
7 | 24168617 | 0.006 |
14 | 16262000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 2405664 | 6 |
0.011 | 592857 | 2 |
0.012 | 3500000 | 1 |
0.013 | 165000 | 1 |
0.015 | 262857 | 2 |
Last trade - 14.19pm 19/06/2024 (20 minute delay) ? |
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