FDM 0.00% 1.1¢ freedom oil and gas ltd

Its not % rises you should be looking at when a company's share...

  1. 3,351 Posts.
    Its not % rises you should be looking at when a company's share price is on a rising trend. It is volume traded.

    The volumes have been decreasing for the last week as the price rises. It indicates a lack of demand coming in and that the prices are not sustainable - regardless of the fundamentals.

    I suspect a retrace...unless the firm can put out another announcement to sustain the current valuation. A good chance of that happening.
 
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Currently unlisted public company.

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