For me this applies equally to ABU and OGC;
Don't you just hate it when a sector gets in the way of a perfectly good stock!
The only positive for the sector is that it has been so badly demolished that from a long term point of view it seems (once again) there is much more upside potential now than downside. I didn't have that view a few months ago as PRU and SBM were hitting 90c on the back of a rally in gold to $1400. While I was hopeful that gold could continue higher at that time, I felt those stocks had run ahead of their spot price fundamentals. Now they are trading at 31 and 32c with gold back around $1273. Talk about leverage!
Unfortunately performances like that create drag for stocks whose fundamentals using spot prices justify much higher share prices.
The waiting game continues!
very interesting, page-12
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.353M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $525 | 175K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 27348360 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 16751194 | 20 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PRX (ASX) Chart |