How did the CYM SP go from 16 cents in Jan 2023 to 1.3 cents in March 2024
With the big volume today we must have quite a few new faces dipping into CYM, I thought I'd broadly summarise the fundamentals behind the fall from 16 cents to 1.3 cents leading to this current break out above 3.5 cents
I need to stress the words "broadly" and "summarise"
The Gist of what I am getting at, from the suspension at 11 cents then diluting the registry at 4 cents the fair value after dilution should have been 8 cps BUT it went straight to 3.5 cents and we got bogged down until now, when the revised restart study is due.
IMO, 8 cents is fair value for CYM but we are expecting the updated restart study to be much more compelling than the original study in July 2022.
How did the CYM SP go from 16 cents in Jan 2023 to 1.3 cents in...
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Last
3.7¢ |
Change
-0.004(9.76%) |
Mkt cap ! $56.41M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.1¢ | 3.7¢ | $355.6K | 9.255M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 250000 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 131578 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
3.8¢ |
Change
-0.004 ( 7.32 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.1¢ | 3.7¢ | 3697533 | ||
| Last updated 15.57pm 21/05/2024 ? | |||||
| CYM (ASX) Chart |