Trader make money by pushing the stock as low as they can in a weak market.
Now, the Greece issue is resolved, we are waiting to see how the release of the IEA reserve would affect the oil price in the next couple of weeks. once that's stablished, oil price should consolidate into a support range. Some predicted b/w $89 to $96 in the short term. Once, the global economy is picking up in speed, oil price will move north.
I don't think Roc management has much crediability. If they are an oil exploration company, they should be confortable with a level of risk. Sure, the BMG investment and failed exploration drove the company share price down, so what, we all make mistake or judegement, bad luck, get over it. Now, this is the time to intelligently use the company's strong cash flow position to buy asset, put more money into exploration, do something to growth share holder value. Roc only has a few years of oil reserver, why are they spending the extra cash buying their own share, what for?
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $12.52M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.5¢ | $299 | 2.391K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 57128 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35000 | 0.100 |
1 | 35000 | 0.092 |
1 | 33333 | 0.090 |
1 | 17464 | 0.075 |
1 | 15000 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 57128 | 1 |
0.135 | 29500 | 1 |
0.140 | 21869 | 1 |
0.150 | 62500 | 1 |
0.000 | 0 | 0 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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ROC (ASX) Chart |