PCL pancontinental energy nl

Why would anyone sell their PCLO at 1.1c when the sp is one pip...

  1. 848 Posts.
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    Why would anyone sell their PCLO at 1.1c when the sp is one pip away from hitting a 52 week high. Yes there is a bit of resistance at 2.5c but the sp should easily run to 3.5c once broken. When WDS decide to go ahead which is pretty much a given most likely it will run to the 4-5c region. Sp should break the 3.5 resistance level upon news of a farm in. Obviously the big run will be determined by a successful first drill. All going well I think 20c is a very realistic and conservative sp target after a successful drill campaign. Clearly the gap is closing and there is no going backwards from here.
 
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(20min delay)
Last
1.2¢
Change
0.002(20.0%)
Mkt cap ! $97.63M
Open High Low Value Volume
1.0¢ 1.2¢ 1.0¢ $81.52K 7.447M

Buyers (Bids)

No. Vol. Price($)
1 44042 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 6972636 12
View Market Depth
Last trade - 15.59pm 27/06/2025 (20 minute delay) ?
PCL (ASX) Chart
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