The share price action on this stock is frustrating to say the least.
With Brent flirting with $80/barrel, Jewel a gusher and Rangers about to be spudded we are sitting at the same levels as we were with Brent at $60/barrel and Jewel about to be spudded.
Heck even the oil majors (Woodside and Santos) are reacting favourably to the bullish oil prices. BRK being a micro cap should have much more upside given the current macroeconomic environment.
I know the recent cap raise and free options are partly responsible for this predicament however I was hoping that high oil prices and the strong fundamentals of the company will offset this dilution.
Even a $100/barrel Brent might not do much for the share price the way things are tracking. I hope I am wrong but I have resigned to the fact that the next leg up will be with Rangers flowing and Flames about to be spudded subject to no further cap raises accompanied by a plethora of free options.
The share price action on this stock is frustrating to say the...
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Last
1.2¢ |
Change
-0.001(4.00%) |
Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $332.5K | 27.70M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 52 | 43356014 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 656882 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |