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Bullboard - Stock Discussion Forum Resolute Resources Ltd V.RRL

Resolute Resources Ltd. is a Canada-based energy company. The Company is engaged in the exploration and development of crude oil from shallow cretaceous sandstone reservoirs in Northeast British Columbia and Northwest Alberta, utilizing multi-lateral drilling technology. The Company is engaged in developing approximately 44 sections of land representing over 28,160 acres in Northwest Alberta... see more

TSXV:RRL - Post Discussion

Resolute Resources Ltd > Up 133% today on 10 million. Trading under cash value.
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Post by Oldschool2022 on Jan 25, 2024 1:20pm

Up 133% today on 10 million. Trading under cash value.

With $3.7 million in the bank we have cash in the bank of .053 per share. Now trading at .03 per share less then the cash in the bank. It looks like the market is finally waking up and seeing the value here. Was trading at .47 a few months ago. 15X would give us year highs. Huge potential with this one in my opinion.
Comment by WobblyChart on Jan 26, 2024 7:29am
Quite eye-opening action yesterday, breaking this company's trading volume record at over 10 million shares. I was sad to see the rally end when trading was rerouted not long after 1:30pm to ATS to allow TD and Anon to cross trade it back down and put a firm cap on the price. That cross trading suggests to me that the big houses were running out of shares (there isn't that much float in ...more  
Resolute Resources Ltd
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