not only is it a down grade by hartleys to 4 cents but they believe it will go lower than 4 cents "in the event of further selling"
extract below...
Downgrade to Hold
Given the likelihood of a commercial success in the current well is low and that there is no visibility around key catalysts, including the third optional well and finalisation of the farm-in in Europe, we are downgrading SUR from a Speculative Buy to a Hold. Our price target has decreased to 4cps.
We believe that speculative interest will return to the stock in the lead-up to drilling in Europe. If the results from the current well are disappointing, then an opportunistic entry may be possible in the event of further selling down of the stock.
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not only is it a down grade by hartleys to 4 cents but they...
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Mkt cap ! $1.945M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $600 | 120K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 6414644 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1917929 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 6414644 | 0.005 |
10 | 3877512 | 0.004 |
3 | 1510009 | 0.003 |
6 | 2800009 | 0.002 |
7 | 6301091 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1917929 | 5 |
0.007 | 1178136 | 2 |
0.008 | 2597615 | 4 |
0.010 | 232137 | 2 |
0.011 | 1086800 | 1 |
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