Australian (ASX) Stock Market Forum

ECU - Eastern Corporation

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Hi Stretchie,
This one is showing support around 31 cents however if it breaks through, next level could be around 24cents. Looking at it over the last few years it certainly has been a volatile stock but has really flattened out...
 

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The Board of GLL is pleased to announce a maiden profit for the last financial year. Whilst
expenditure was committed to the Company’s coal seam gas exploration programme in ATP
799P in the Galilee Basin, the sale of the Broughton coal asset and revenue from the
successful New Zealand coal operations has resulted in an after-tax profit of $1.667 million
(including forex gain) for the consolidated entity.
 
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