Around the middle of last year it made absolutely no sense when ARQ was trading below $1.00. ARQ went on to more than double in price.
With positive developmenets since last year it again makes absolutely no sense for ARQ to be trading around $1.65. That is significantly below 10 times this year's earnings.
The oil price is also showing no signs of collapsing - it is back above US$50.
With both rapidly increasing earnings and a very active exploration programme, I wonder if we will see history repeat and ARQ's share price will again more than double in a relatively short period of time?
** history repeats **
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
0.015(8.82%) |
Mkt cap ! $62.28M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 19.0¢ | 17.5¢ | $479.9K | 2.667M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 338446 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 233135 | 2 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
|
|||||
|
Last
18.5¢ |
Change
0.015 ( 8.82 %) |
||||
| Open | High | Low | Volume | ||
| 17.5¢ | 19.0¢ | 17.5¢ | 858643 | ||
| Last updated 15.58pm 29/05/2024 ? | |||||
| 5GN (ASX) Chart |