I suspect the market here is reacting to the fact that there is nearly 3 billion shares for a company with a market cap of approx. $30mil. I'd say that based on the figures a price of 0.012 is fair, given that no hard data exists for oil/gas volumes to date. I am not expecting much of an upwards move in the share price until there is some factual information on volume and commercial viability of any prospective find.
Ann: Drilling Update - Icewine 1, page-41
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $14.76K | 7.304M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 62493465 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 679387644 | 232 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |