I was wondering what the more technically minded folk out there think the fair value on CHN is given the current resource. We have a market cap of $1.58b - and the share price has had a great run. I thought the latest results were very encouraging but is the strong pullback we are seeing today a consolidation of the price and an indication that we might be fairly valued in the $4-$5 range ? Are we going to need to define a further resource in the State forest to really take us to the next level?
thanks in advance! best luck to all!
Fair Price for CHN with current resource ?
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Last
$1.10 |
Change
-0.078(6.60%) |
Mkt cap ! $426.8M | |||
| Open | High | Low | Value | Volume |
| $1.18 | $1.18 | $1.09 | $4.154M | 3.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 72581 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 21890 | 16 |
View Market Depth
| Last trade - 11.03am 02/05/2024 (20 minute delay) ? |
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Last
$1.11 |
Change
-0.078 ( 5.84 %) |
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| Open | High | Low | Volume | ||
| $1.17 | $1.17 | $1.09 | 546723 | ||
| Last updated 11.22am 02/05/2024 ? | |||||
| CHN (ASX) Chart |