ORG has been consolidating at around $5.50. Given that new stock is hitting the boards at $4.00 this is a good place to be as all things being equal the share price will move north. I suspect once the selling of acquired stock dries up that we are going to re-test the $6.00 mark. Some that are buying shares at $4.00 are offloading existing shares and taking this into consideration the SP has held up nicely.
Although the capital raising has diluted the share capital and I would not be overjoyed being a shareholder then, it has de-risked ORG. Future cash flows at a $60 /bbl oil price are excellent.
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Last
$12.48 |
Change
-0.260(2.04%) |
Mkt cap ! $21.46B | |||
| Open | High | Low | Value | Volume |
| $12.59 | $12.60 | $12.37 | $16.02M | 1.280M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4098 | $12.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.49 | 6016 | 36 |
View Market Depth
| Last trade - 12.38pm 18/09/2025 (20 minute delay) ? |
| ORG (ASX) Chart |