Jump in the share price is likely to happen very soon in my view.
The company is oversold against all investment analysis. The chart is bullish. Positive developments in PNG such as Santos taking a stake in the P'nyang field and InterOil holding to its target of mid-2015 to select the design on the next major LNG project, auger well for Horizon's gas aggregation plan to bring its massive gas reserves, notably in the Stanley field, to market. As well the POO is looking strong. SP at 10 cents + today or tomorrow is my prediction.
HZN rally
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $300.2M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 17.5¢ | $229.0K | 1.294M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 1181564 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 619205 | 8 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| HZN (ASX) Chart |