ARQ is making an absolute killing. That is why a current PE of 8.9 based on last year's earnings and last year's average price for a barrel of oil at around AUD$40 is absurd.
The only justification is if you believe oil is quickly heading back permanently to around US$25-US$30 a barrel.
bid/offer ratio closing, page-2
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.96M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 15.0¢ | $86.66K | 577.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4670865 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1548308 | 24 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |