TAP 1.02% 9.7¢ tap oil limited

institutional over hang

  1. SCD
    3,438 Posts.
    TAP has had two sigificant, successful discoveries and one insignificant (1 mmbbls) failure of late. With a considerable drilling programme ahead, no debt, rapidly increasing cash generation from production at Woollybutt and Harriet...can anyone suggest why an institution selling it position so heavily at this time? The Stock was at 1.70 and was sold down to 1.53. It has bounced to 1.60. The stock was restrained to 1.60 +/- 0 cents despite the reported oil/gas discovery today.
 
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Last
9.7¢
Change
-0.001(1.02%)
Mkt cap ! $41.84M
Open High Low Value Volume
9.8¢ 9.8¢ 9.7¢ $13.02K 133.5K

Buyers (Bids)

No. Vol. Price($)
3 126385 9.7¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 68637 2
View Market Depth
Last trade - 10.25am 26/02/2020 (20 minute delay) ?
(live)
Last
9.7¢
  Change
-0.001 ( 2.11 %)
Open High Low Volume
9.8¢ 9.8¢ 9.7¢ 4548
Last updated 10.25am 26/02/2020 (live) ?
TAP (ASX) Chart
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