If you read the broker reports on the company website - ALK has an estimated target price of $1.20-$1.50. Seems proposterous at these prices.
Once the company is a little clearer on drilling results, etc. - it will boom. I don't think the company communicates very well with the market in its announcements - which tend to be very technical (compare with Key Petroleum's simplified and de-technilised announcements). Just my 2 cents.
what is happening to this one, page-2
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Last
44.0¢ |
Change
-0.015(3.30%) |
Mkt cap ! $271.5M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 46.5¢ | 43.8¢ | $809.0K | 1.807M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 212691 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 28389 | 7 |
View Market Depth
| Last trade - 11.21am 30/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |