While we are waiting on some news, I just calculated the average share price for the last 6 months, it comes out at $1.47. It's $1.455 now. How excited is the market? Can we change Arcs name to The Boring Oil Co or something?
The price of oil is strong, it has averaged $68 but is now $79.70 so that's not the problem. Therefore we must be drilling in the wrong place, if it was Texas or Angola or the Congo the price would probably be through the roof.
Hopefully some news today apart from Yemen.
match price, page-7
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 795255 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 112274 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |