Oil and gas explorer MEO Australia Ltd was the most traded stock by volume, with 93.38 million shares changing hands by 1050 AEDT
This volume was 93.38 million by 10:50. EOD volume reached 143.1 Million.
For the week over 302.6 million shares changed hand 13 was definately an unlucky number that day. Over the week the the price dropped from a close of 50.5c on the Friday to 24.5c by the end of the following week. The low for that week was 18c. 18c and 24.5c have figured strongly as areas of support and resistence over the past few weeks/months. Would be nice to gap up to somewhere near the expectations of those who were holding at the time of Artemis1. Depending on the announcement 35c-38.5 may hold some resistence this is based on previous highs back in April this year.
Looking forward to the announcement. Also worth noting there was no trading halt at that time, just an update as to drilling progress. Although they have indicated that the halt is as a result of production report I am wondering if it may include Eni's intentions moving forward.
MEO Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
