CVN's recovery was lagging the others like BPT, STO and WPL and has now caught up. I wouldn't read too much into it. I do think some of the shorts are covering however the short volumes won't be massive (estimated only around max. 40 million short shares remaining uncovered). Also, I would not put too much stock in the market depth only 2 million shares offered, 15 million bid etc. This market depth, whilst an indication, doesn't mean much since it can change very quickly - big buyers and sellers don't show their hands and only dribble in the buys and sell orders, so market depth is not a reliable indicator of where the market is really at.
Having said all this, I hope that CVN keeps rising - IMO it's still very undervalued and as things normalise I expect that it will gradually recover further.
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.3M |
Open | High | Low | Value | Volume |
15.0¢ | 15.5¢ | 15.0¢ | $99.67K | 646.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 256723 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1330643 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 256723 | 0.150 |
11 | 578195 | 0.145 |
8 | 592228 | 0.140 |
2 | 437000 | 0.135 |
3 | 406730 | 0.130 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 1015778 | 9 |
0.160 | 941807 | 11 |
0.165 | 369060 | 8 |
0.170 | 828942 | 14 |
0.175 | 792726 | 8 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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CVN (ASX) Chart |
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