ROC is clearly out of favour with the market.
I suspect it is because its recent drilling hit a dry well, and also because it downgraded its reserves by 7.5%??. It's revenue was up by approx 64% and the details should be announced today in its quarterly report.
The stock looks like it could be a bit of a traders stock given how volatile it is. Perhaps it's a buy given how low it is right now. Also if the boys at Maquarie and UBS can be believed it has a 50% plus upside [from 2.04] if I have read their most recent analysis correctly.
p.s.
If only it was easy to make money in this damn market!
ROC is clearly out of favour with the market. I suspect it is...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.13M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $4.301K | 41.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 120000 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 50000 | 1 |
View Market Depth
| Last trade - 12.03pm 19/09/2025 (20 minute delay) ? |
| ROC (ASX) Chart |