NGY's fundamentals are positive & bullish -
1) 1st CBM POD approval in Indonesia for its Tanjung Enim POD 1 in South Sumatra - Indonesia has one of the world's largest CBM reserves and South Sumatra has the largest CBM reserves in Indonesia. There is a shortage of gas for domestic consumption in Indonesia;
2) Change from being a gas explorer to a gas producer with income generated when production and gas sales commence;
3) Bullish prospects for the natural gas industry.
NGY's technical indicators have become bullish -
Technical Analysis of NUENERGY GAS LIMITED (ASX:NGY) — TradingView
NGY Share Technical Analysis | Nuenergy Gas Ltd | SwingTradeBot.com
NGY Technical Analysis (NGY) - Investing.com
Ann: Invitation to attend ceremony for approval of POD1 (TE PSC), page-163
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.13M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 111110 | 1 |
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| Last trade - 10.06am 02/08/2024 (20 minute delay) ? |
| NGY (ASX) Chart |
Day chart unavailable