Around the middle of last year it made absolutely no sense when ARQ was trading below $1.00. ARQ went on to more than double in price.
With positive developmenets since last year it again makes absolutely no sense for ARQ to be trading around $1.65. That is significantly below 10 times this year's earnings.
The oil price is also showing no signs of collapsing - it is back above US$50.
With both rapidly increasing earnings and a very active exploration programme, I wonder if we will see history repeat and ARQ's share price will again more than double in a relatively short period of time?
** history repeats **
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $52.26M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $8.818K | 55.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 460560 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 16595 | 1 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
|
|||||
|
Last
16.0¢ |
Change
-0.005 ( 3.23 %) |
||||
| Open | High | Low | Volume | ||
| 16.0¢ | 16.0¢ | 15.5¢ | 31405 | ||
| Last updated 14.52pm 07/05/2024 ? | |||||
| 5GN (ASX) Chart |