I calculated the average share price for the last 6 months, it comes out at $1.47 vs $1.425 now. Oil averaged $68 but is now $80. From that one could theorise that Canning is not even factored into the current share price. But we know that would be naive, it will fall for sure.
The low over the last six months has been $1.29, and it has come close to this a few times, but during market corrections. My guess is it could hit an intra-day around the low around $1.10 -$1.20 due to panic selling but close around $1.30, existing reserves are worth at least this and it's not without other growth prospects. If that holds true, the downside is fairly limited because the market is not anticipating a commercial Canning strike, I hope we prove 'em wrong!
I calculated the average share price for the last 6 months, it...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 795255 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 112274 | 3 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |