MRM continues to consolidate its price in end of financial year market
No new news has been forthcoming in the last few months in regards to the activities of MRM. This can only mean (hopefully), things are on track.
I have always been suspicious when there are no earning upgrades/downgrades, no new contracts in place and management very quiet.
Like I said before the board is rather conservative, and so, unless there is something worth reporting, a "cone of silence" is the order of the day
So like me and anyone else holding Mermaid Marine Australia stock, lets keep our fingers crossed
My view is that they will break this holding pattern once the NFY 2009/2010 starts
I still believe the stock will be well above $2.00 as the FID by partners in Gorgon Project is announced at the flaged month of late August/early September. And by end of calender year very close to the $3.00 mark
Like alway this is only my opinion and should absolutely not be treated as investment advice
mermaid continues to consolidate its price
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Last
$2.64 |
Change
0.020(0.76%) |
Mkt cap ! $1.000B | |||
| Open | High | Low | Value | Volume |
| $2.63 | $2.65 | $2.63 | $1.554M | 590.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 192598 | $2.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 76934 | 14 |
View Market Depth
| Last trade - 11.26am 30/05/2024 (20 minute delay) ? |
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Last
$2.64 |
Change
0.020 ( 0.70 %) |
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| Open | High | Low | Volume | ||
| $2.65 | $2.65 | $2.63 | 26200 | ||
| Last updated 10.20am 30/05/2024 ? | |||||
| MRM (ASX) Chart |