Mind you such low volume hardly worth taking it into consideration.
Wrong.
Weakness in the share price today( to a 4 year low ) must prompt every would-be investor to ask : Why?
At current prices a capital raising - to support additional development wells- will now have to be at a steep discount : think 0.6 cents.
And that is if a broker and their clients are willing to look past the numerous failed promises of helium production. Expect a few superfluous directors to be invited to go: think the lawyer Ross Warner.
To keep their jobs the smartest thing that the directors can do is to find a JV partner (and operator) to fund the next few wells into Pegasus.
Mind you such low volume hardly worth taking it into...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $7.779M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $534 | 107.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 8904659 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 8170920 | 11 |
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| BNL (ASX) Chart |