I've been thinking about the market cap, and amount of shares available.
An interesting couple of questions popped into my mind...
To get to $1:
What sort of volume will be required, and what sort of investment $ will be required. With the amount of shares on offer, this could all happen very very quickly if there's some big numbers coming out of texas.
Looking at it breifly, and the huge trading range that goes on with the stock on tiny volumes, I think $1 is very possible on the first well alone, even in this climate. 400,000 shares sold and bought today on a value of around $130,000 has moved the stocl 8%. Surely, (even with the market conditions that are going on), if our well looks anything like the adjacent wells, at least $1m would be traded on the first day.
I've been thinking about the market cap, and amount of shares...
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Last
$2.88 |
Change
-0.040(1.37%) |
Mkt cap ! $913.7M | |||
| Open | High | Low | Value | Volume |
| $2.92 | $2.92 | $2.84 | $1.230M | 428.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40937 | $2.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.88 | 1934 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| DXI (ASX) Chart |