My mathematical model I fitted to the last four days of trading volumes probably won't accurately predict Monday's volume because:
* Investors bought into OEL on Friday after stong gains of 13.85% on Thursday. Day traders would have jumped on board hoping the trend would continue. A -4.05% loss on Friday is some what less appealing.
* However, that said oil spot prices rose stongly on Friday
* It will be the 4th May on Monday, less than two weeks until drilling commences
From economics, my model is only as good as the assumptions that the model is based on. I think the share price is gauranteed to increase (from oil spot price increases) however the volumes is anyone's guess...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.18M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $19.2K | 4.8M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 44 | 51141971 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 35883989 | 34 |
View Market Depth
| Last trade - 16.11pm 03/07/2025 (20 minute delay) ? |
| OEL (ASX) Chart |