Perhaps. But the balance sheet is quite strong at the moment, and there are a few things happening in the first 6 months of 2022 that 'could' lead to a rerating.
In the immediate short term (next 4 weeks), there might be further falls as you suggest. With the above considered though, I think people will see 'opportunity' in the teens (myself - I am thinking of entering again at around 0.15 - 0.16).
Maintain the rage, page-10
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Last
23.0¢ |
Change
0.010(4.55%) |
Mkt cap ! $179.5M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 23.0¢ | 21.0¢ | $24.06K | 109.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12091 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 86002 | 3 |
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| Last trade - 12.03pm 17/07/2024 (20 minute delay) ? |
| OIL (ASX) Chart |