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 **
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Last
17.0¢ |
Change
0.020(13.3%) |
Mkt cap ! $55.64M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.5¢ | $79.62K | 480.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 125473 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 140834 | 7 |
View Market Depth
| Last trade - 11.24am 02/05/2024 (20 minute delay) ? |
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Last
15.5¢ |
Change
0.020 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 17.0¢ | 15.5¢ | 356608 | ||
| Last updated 12.09pm 02/05/2024 ? | |||||
| 5GN (ASX) Chart |