Wednesday, May 11, 2011

* Ramba *

Ramba: +0.8% at $0.610, with volume at 31m shares, seeing strong interest again after Tuesday's 47m shares. There is no significant news flow for the Indonesia-focused E&P company this week, which has traded between $0.555-$0.62 since the start of Apr.
Market watchers looking for break on either of either side of the band to confirm the directional trend...

Since the start of the year, the stock has picked interest and sharp gains after several updates on its E&P activities. Also worth watching out for will be any news on the firm's drilling at its Akatara prospect in the Lemang block, which the company aims to begin drilling in Aug.

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