PV1 2.17% 4.5¢ provaris energy ltd

Ho Hum

  1. 3,899 Posts.
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    We have just had our highest daily close since 22 Feb., 2016 and highest weekly close since the week of 15/02/16 - that's over 1.5 years.
    It is also our highest daily and weekly close since MB has invigorated this company.
    The volume characteristics are also improving.
    I suspect we'lll have to do a little bit of work at current 21.5/22 level - but not much before having a crack at the high 20s/30c level.
    So why "ho hum"?
    Very simply because the game hasn't even started yet.
    MB didn't get involved with TTE/GEV to take it to 20 or 30 cents - he's here to see a dollar sign in front of the stock.
    By way of comparison, LNG spent about 3 months in the 20s.
    It then moved into the 30s, consolidating there for about 4 months.
    Then things started to get interesting, with a 600% over 4 months or an 1100% move over 7 months.
    Of course, past performance is no guarantee; however, I definitely wouldn't bet against the great man.
    That's why I have patience and believe that, although it's definitely encouraging to see GEV break out from a narrow 8.5 month trading channel, this isn't even the entree.
    As I posted in another thread, GEV is the easiest multi-bagger on the ASX.
    And today's price action is simply confirmation that this is indeed the case.
    HAGWE.
 
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Last
4.5¢
Change
-0.001(2.17%)
Mkt cap ! $26.90M
Open High Low Value Volume
4.6¢ 4.6¢ 4.5¢ $1.9K 41.85K

Buyers (Bids)

No. Vol. Price($)
1 1501 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.7¢ 51226 1
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Last trade - 10.40am 29/04/2024 (20 minute delay) ?
Last
4.5¢
  Change
-0.001 ( 4.26 %)
Open High Low Volume
4.5¢ 4.5¢ 4.5¢ 3600
Last updated 10.40am 29/04/2024 ?
PV1 (ASX) Chart
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