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
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- Ann: NGY secures first CBM Plan of Development in Indonesia
Ann: NGY secures first CBM Plan of Development in Indonesia, page-33
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1.9¢ |
Change
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Mkt cap ! $28.13M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 162583 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.2¢ | 21000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 162583 | 0.019 |
2 | 64606 | 0.018 |
1 | 11764 | 0.017 |
1 | 58880 | 0.016 |
1 | 70000 | 0.015 |
Price($) | Vol. | No. |
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0.022 | 21000 | 1 |
0.023 | 293580 | 3 |
0.026 | 25000 | 1 |
0.035 | 110000 | 1 |
0.040 | 136500 | 1 |
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