I liked what I saw at PCL - but decided not to jump on after a massive gap up. FAR seems a fantastic little stock to use to jump on the bandwagon for obvious reasons including having cash.
I think it is worth looking at some key price points.
The share price may be a bit volatile until there is some drilling done (then may be volatile too :)). However the licences are obviously in the right place. Apache may not strike oil next door (or they may) - that may be the next bit of relevant news.
March Cap Raise was at 4.3 cents - so not many sellers should be willing to sell below that price, even with gas and not oil. I will top up around that price.
5.7c the recent high.
6c - about $4m worth of options. Not many really, but could be slight resistance.
8c - the pre "gap" SP. Could be quite a lot of stuckholders start to appear there, and also it is quite a clear target on the chart. So I am targeting 8c short term (say one month approx) for that reason.
GLTA
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.66M |
Open | High | Low | Value | Volume |
50.5¢ | 50.5¢ | 50.5¢ | $14.48K | 28.69K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5356 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 59999 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 30878 | 0.500 |
1 | 30000 | 0.495 |
2 | 28930 | 0.480 |
2 | 70000 | 0.475 |
2 | 78150 | 0.470 |
Price($) | Vol. | No. |
---|---|---|
0.525 | 69690 | 1 |
0.530 | 30000 | 1 |
0.535 | 30000 | 1 |
0.540 | 52471 | 2 |
0.550 | 82295 | 3 |
Last trade - 15.44pm 12/07/2024 (20 minute delay) ? |
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FAR (ASX) Chart |