ARQ 0.00% 38.0¢ arq group limited

Arc gets placement away @ 36 cents

  1. 1,250 Posts.
    Arc has replenished its warchest after raising $2.88 million in a placement to clients of broking firm Euroz. The eight million shares will be issued on 1 August at 36 cents.

    Arc said the funds would be used for the evaluation of the Hovea 1 and 2 oil and gas discoveries.

    "The additional costs to complete the Hovea 2 well plus the costs of the deepening and possible sidetracking of Hovea 3, together with ARC's philosophy of maintaining a conservative approach to its cash position makes this placement a prudent course of action at this time," said the company.
 
watchlist Created with Sketch. Add ARQ (ASX) to my watchlist
(20min delay)
Last
38.0¢
Change
0.000(0.00%)
Mkt cap ! $46.40M
Open High Low Value Volume
38.0¢ 39.0¢ 38.0¢ $47.98K 126.2K

Buyers (Bids)

No. Vol. Price($)
4 48770 38.0¢
 

Sellers (Offers)

Price($) Vol. No.
39.0¢ 4863 1
View Market Depth
Last trade - 16.10pm 22/11/2019 (20 minute delay) ?
(live)
Last
38.0¢
  Change
0.000 ( 0.00 %)
Open High Low Volume
38.0¢ 38.0¢ 38.0¢ 10303
Last updated 15.51pm 22/11/2019 (live) ?
ARQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.