It may possibly correct - but with drilling now imminent I cannot see it dropping too far. Lots of technical support now formed aswell.
Your comparison of CTP to BLR and WMT - Sorry david but an absolutely poor comparison for numerous reasons.
Firstly - your comparing two uranium companies to an oil/gas/helium explorer. The uranium spot price came off substantially, so too did speculative prices on 95% of uranium stocks.
Oil/gas exploration is obviously an enormously different game to play and CTP definitely aren't playing in a kids sandpit here.
Your either a downramper trying to pick up cheap stock (whch doesnt work on a thread if you understand probability), OR, your an extremely uneducated investor. If its the latter, you'd better brush up on your investment skills.
Only way I can see CTPs SP go to 8c is if they drill 6 dusters or have significant drilling complications.
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- way over valued headed for free fall to 8 cent
CTP
central petroleum limited
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5.3¢

way over valued headed for free fall to 8 cent, page-3
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $39.49M |
Open | High | Low | Value | Volume |
5.4¢ | 5.4¢ | 5.3¢ | $57.63K | 1.067M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 62844 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.5¢ | 100000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 62844 | 0.053 |
4 | 643012 | 0.052 |
3 | 840000 | 0.051 |
3 | 500000 | 0.050 |
1 | 100000 | 0.044 |
Price($) | Vol. | No. |
---|---|---|
0.055 | 100000 | 1 |
0.056 | 15000 | 1 |
0.058 | 6030 | 1 |
0.059 | 326120 | 2 |
0.060 | 150000 | 2 |
Last trade - 16.10pm 14/07/2025 (20 minute delay) ? |
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CTP (ASX) Chart |