Not long ago after BUR announced 5MMCFD the sp rose up to around 40c, now on our 3rd well we get around 10MMCFD and the sp rises a whole cent to 16.5c
This for a company with a MC of 15M, should be making close to 30K revenue daily, plenty more drilling to come.
Sure the first well had a disappointing drop off rate of flows, and the 2nd and 3rd wells didnt get through the full lateral.... but still.
I dont get it !! :(
is it me or is the mkt insano
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.05M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 14.0¢ | $339 | 2.422K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 23303 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 50000 | 1 |
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| Last trade - 09.59am 08/07/2024 (20 minute delay) ? |
| BUR (ASX) Chart |