Arc Energy having fallen to as low as 49 cents this morning finished the day on 54 cents with above average volume.
As has been mentioned by other posters who know their oil stocks, there appears to be a high level of confidence in the future results of the oil wells they will be drilling.
ARQ is still only capitalised at 70 million. Its potential is much higher, and that's not allowing for another tilt by either Origin or someone else.
Comments welcome.
ARC ENERGY-WELL BID TODAY
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 (20min delay)
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $13.07K | 79.80K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 489319 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 562757 | 1 |
View Market Depth
| Last trade - 10.41am 15/05/2024 (20 minute delay) ? |
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Last
16.5¢ |
Change
-0.010 ( 2.94 %) |
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| Open | High | Low | Volume | ||
| 16.5¢ | 16.5¢ | 16.5¢ | 19440 | ||
| Last updated 10.30am 15/05/2024 ? | |||||
| 5GN (ASX) Chart |