Guys, CXO has issued 66 million new shares so, despite resistance CXO share price eventually would come down to near 9.0 cents.
All are good investor, so would know that each company has a different strategy when it comes to raising capital. Think why CXO management decided to raise capital at 9.0cents and not at 14.0 cents ( the closing share price on average for couple of days trading)
In my view, take the overall view of CXO that will determine the true value of CXO share and do not rely on day to day movement.
DYOR
Big Potential, page-8
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $256.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.0¢ | $3.037M | 25.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 318278 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 2878347 | 41 |
View Market Depth
| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |