Any research and benchmarking on this type of speculative and unproven play will tell you that the current valuations are ridiculously over the top and the current share price is unsustainable. This is being reflected in the TA.
A market cap of over $200m when no oil has been flowed is ridiculous IMO.
88E....TA, page-17
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 (20min delay)
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Last
0.1¢ |
Change
-0.001(50.0%) |
Mkt cap ! $28.93M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.1¢ | $199.0K | 99.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 324 | 1147945493 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 601285123 | 228 |
View Market Depth
| Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |