I hope it doesn't seem like I am ramping ARQ, but the price action the last few days speaks volumes I believe for its long term future.
The market is clearly rerating ARQ IMO and a valuation of approx $150 million woiuld not be unrealistic given its pending oil production and reserves.
This would equate to approx $1 per share.
Of course ORG could be waiting in the wings.
My opinions only.
I hold.
I hope it doesn't seem like I am ramping ARQ, but the price...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $53.86M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $153.0K | 985.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 157818 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 496370 | 10 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |