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
14.3¢ |
Change
0.003(1.79%) |
Mkt cap ! $43.91M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.3¢ | $25.26K | 176.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 677029 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 590344 | 4 |
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| Last trade - 13.37pm 04/09/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |