In spite of their miserable share price, it's fairly comfortable holding a comapny with cash reserves and good cash flows in a bad market. Things turn around market wise, and Arc should do well eventually. Things go bad, and ARC will be taking advantage of their cash position I suspect.
This shake out is likely to provide opportunities, and looking at the trend in "oil - days of supply" on the EIA site, there is little doubt about which way the oil price will head in the medium term in spite of any short term fluctuations.
In spite of their miserable share price, it's fairly comfortable...
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Last
15.5¢ |
Change
0.010(6.90%) |
Mkt cap ! $48.44M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $124.9K | 832.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15843 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2095242 | 29 |
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| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |