I agree. If we get a 12,000,000 plus volume day - coupled with a 30% plus rise - then this will be the confirmation of a breakout that we are looking for.
A significant correction has happened many times before with CXM and probably relates to the fact that the market suddenly wakes up to the low risk high reward nature of the double threat of Ardmore and Oxley.
The current context is that we have launched a highly rated R&D program, have imminent company changing results coming, have off take agreements being finalised and have investment brokers circling.
There is an absolute disconnect between the fundamentals and the current market capitalisation. Evidently, the gap is widening with every day that passes without a material share price rise.
The free float of tradable shares is also an important consideration. Chrisp and co own the vast majority of shares and when things move it will be summarised by chaotic line swiping.
The inevitable upswing is coming and l keep on accumulating. I would rather be buying shares at 5 cents rather than 50 cents.
Christmas presents will not get much bigger than this.
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Last
3.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.98M |
Open | High | Low | Value | Volume |
2.8¢ | 3.3¢ | 2.8¢ | $15.79K | 511.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 186846 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 97862 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 186846 | 0.030 |
3 | 191606 | 0.029 |
1 | 88000 | 0.028 |
1 | 15185 | 0.027 |
1 | 30000 | 0.026 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 97862 | 1 |
0.034 | 74722 | 2 |
0.038 | 50000 | 1 |
0.039 | 95000 | 1 |
0.040 | 100000 | 1 |
Last trade - 15.42pm 02/09/2024 (20 minute delay) ? |
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CXM (ASX) Chart |