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
16.0¢ |
Change
-0.025(13.5%) |
Mkt cap ! $55.55M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 16.0¢ | $195.6K | 1.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 356255 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
Change
-0.025 ( 8.54 %) |
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| Open | High | Low | Volume | ||
| 17.8¢ | 17.8¢ | 16.5¢ | 363497 | ||
| Last updated 15.38pm 30/05/2024 ? | |||||
| 5GN (ASX) Chart |