MEL options should list after mid December 2020.I think one of the main factors affecting the price of oil/gas exploration stocks is the price of crude oil which
is still 30% below pre COVID levels.If the COVID vaccines live up to their promise crude should rise but with any disappointments
down it goes.Last sale of MEL was 2.9c and 16c for BYE so the BYE distribution should cause MEL to fall .6c.However I don't think the BYE holding
has ever been recognised fully in the price of MEL.If MEL does fall to 2.3c ex BYE I think the news flow from exploration and development will
strengthen MEL.So I think there will be a market for MEL options in the short term even if is a tenth of a cent.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.674M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 16630498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 10381720 | 9 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MEL (ASX) Chart |
Day chart unavailable