CTP 0.00% 5.3¢ central petroleum limited

13.5 on close - new 12 month high

  1. 3,084 Posts.
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    Well, we had a breakthrough today.

    After two days stuck between 12.5 and 13.0 (with shenanigans occuring between 16:00 and 16:10 to keep it at 12.5), the price jumped to 13.5 today.

    TBH I'm surprise it held - only 9M traded it wasn't a huge day.

    But it did bring a new 12 month high, which is great.

    CTPO climb to 4c, but is now 9.5c behind the heads - that's a big gap, much larger than I expected.

    Buyers/Sellers ratio for CTP is still strong - 24M buyers to 18.5M Sellers, so I expect upward pressure will continue. Of course, something announce at/around the EGM could have a big impact one way or another.

    Expect a Trading Halt notice before 8pm tonight. That's what happened last EGM. So we should be trading against on Friday, kicking off at 13.5; That will be interesting to watch.

    One more thing. I think that today's price of 13.5 creates a new Market Value high for the company - the last time we were this high there were a lot less shares on issue. Is anyone able to verify this?

    thanks,

    Karl
 
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Last
5.3¢
Change
0.000(0.00%)
Mkt cap ! $39.22M
Open High Low Value Volume
5.3¢ 5.4¢ 5.3¢ $52.12K 978.8K

Buyers (Bids)

No. Vol. Price($)
1 454057 5.3¢
 

Sellers (Offers)

Price($) Vol. No.
5.4¢ 46397 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
CTP (ASX) Chart
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