not only is it a down grade by hartleys to 4 cents but they believe it will go lower than 4 cents "in the event of further selling"
extract below...
Downgrade to Hold
Given the likelihood of a commercial success in the current well is low and that there is no visibility around key catalysts, including the third optional well and finalisation of the farm-in in Europe, we are downgrading SUR from a Speculative Buy to a Hold. Our price target has decreased to 4cps.
We believe that speculative interest will return to the stock in the lead-up to drilling in Europe. If the results from the current well are disappointing, then an opportunistic entry may be possible in the event of further selling down of the stock.
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.556M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $375 | 75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1163709 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 31270 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1163709 | 0.005 |
6 | 3890199 | 0.004 |
2 | 670009 | 0.003 |
6 | 3050000 | 0.002 |
3 | 2500001 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 31270 | 1 |
0.007 | 939000 | 3 |
0.008 | 1975000 | 3 |
0.009 | 1535500 | 1 |
0.010 | 607137 | 3 |
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