G'day All,
FYI , following is copy/paste from "Broker Reports" page in CTM's website , dated 7th Aug. from "Cannacord Genuity":
BUY recommendation maintained. Target price of $0.98 /sh
We have revised our valuation model to take into account the recent
share placement. We still value the company a significant premium at
$0.98 per share fully diluted to the current share price. We maintain
our BUY recommendation on CTM.
IMO the current SP is ridiculously low, since the consolidation ( over a year ago) , SP has kept plummeting.
I wonder if SP went up by same rate, if it would have attracted ASX attention.
The current price of $0.30 , equates to 30/8 = 3.75 cents
of pre-consolidation.
It's very demorolising, bit i believe it will bounce up in the not too distant future.
All the best!
I hold CTM shares
trget price $0.98
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $233.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.5¢ | 45.0¢ | $206.0K | 447.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5000 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2880 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |