I Agree, Canadian markets also got pummeled last night.
Another thing to remember is that CVN has been undervalued for a long time, POE possibly oversold recently?
Market is waking up to CVN, and the target for 10,000bopd gross is a sp of 77c with oil & the $US at lower levels than current.
At current production levels, we're valued at around 50-55c imo with no potential value taken into account. If CVN announces 2500 bopd sp seems right just where it is.
I think it will hold steady today on no news, maybe a close of 65 or 66? ..
reality...., page-2
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |