Interra Resources Ltd

SGX (SGD): Interra Resource (5GI)

Last Price

0.038

Today's Change

+0.001 (2.702%)

Day's Change

0.036 - 0.039

Trading Volume

2,357,600

Overview

Avg Volume (4 weeks)

431,915

4 Weeks Range

0.032 - 0.043

4 Weeks Price Volatility (%)

54.55%

52 Weeks Range

0.031 - 0.05

52 Weeks Price Volatility (%)

36.84%

Previous Close

0.037

Open

0.037

Bid

0.038 x 11,600

Ask

0.039 x 50,100

Day's Range

0.036 - 0.039

Trading Volume

2,357,600

Company Profile

Sector: Mining and Quarrying

Sector: Mining and Quarrying

Description:

Interra Resources Limited, listed on the SGX Catalist and the ASX, is a Singapore-incorporated company engaged in the business of petroleum exploration and production (“E&P”). Its E&P activities include petroleum production, field development and exploration. Since its inception, the Company has grown both organically by developing existing assets and through disciplined acquisitions by seeking attractive acquisition targets across Southeast Asia and Australia. Today, the Company has established oil and gas interests and operations in various parts of Southeast Asia and Australia. Its portfolio of production, development and exploration assets comprises five contract areas in Australia, Indonesia and Myanmar.

Discussions
Be the first to like this. Showing 6 of 7 comments

inphyy

Hmmmm...oil and gas exploration firm Interra Resources outperformed the market after announcing a deal to acquire an oil field in Indonesia’s South Sumatra.

OMG! Still trade in this price range? Sometime ago me hop ship due to pitiful Trading Volume regardless good news dig here and there for black gold

2013-09-04 19:28

dusti

Price should be 55cents at least for this good performing company. Maybe not many investors know about it

2014-04-23 09:31

ahlek888

dust what's your valuation based on?

2014-05-11 22:30

dusti

Hi ahlek888, IR is very much below the radar of analysts and investors and price is drifting nowhere. I took an average of a few analysts' TPs but one has recently upped to 69. Not surprising as recently two digs were confirmed oil producers. Check IR at shareinvestor.com for their achievement of producing wells in 2013 and 2014. Of course, there are many questions to ask, but I'm contented to being in a good place. Only hope price will be more realistic. Buy some and wait for the good news to hit the fan. Good luck!

2014-05-12 11:18

ahlek888

wow, this counter hasn't been moving much at all in the right direction. is that why the management is sweetening the deal by offering free warrants? but even that is taking quite a while to come into action. what are your thoughts?

2014-07-12 23:22

dusti

Hi ahlek888. Have been puzzled on what is happening to IR and wondering I should take damage control measures. A couple of interesting news were released recently.....on5/9 the long awaited details of bonus issue/capitalisation issue (which I have asked my remiser to interprete) and on8/9 the announcement of a oil producer at 2000bopd, the best ever achieved by IR. Share price has improved from a scary 29.5 to 33 cents now. I still have high hopes for IR. Meantime you may want to check out Rex International which is in the same biz., but with more international exposure. On 2/9 an analyst had a "buy" on Rex Int.60.5 to a TP of 127cents.....I enjoy such dreams! Good luck! Cheers! Dusti

2014-09-12 09:33

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