200k shares dumped on market and you are wondering why the SP has reacted this way? If there were only a few more like you that did the same that would cause a dump like this to occur considering how illiquid this stock generally is. It would trigger stops and resulting panic selling from those who are following trends.
I can't tell you what to do but you are obviously down a bit in this stock. I feel you will be rewarded if you re enter and have a 12 month time frame on it. For me 30c is a floor but if subsequent drilling results are poor it may be driven back down to 20c. But taking a loss that big is never easy. I hope things turn around for you. Best of luck out there
CNB Summary and Why Its So Undervalued, page-3009
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Last
56.5¢ |
Change
-0.005(0.88%) |
Mkt cap ! $97.14M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.5¢ | 55.0¢ | $235.3K | 416.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 999 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 9571 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CNB (ASX) Chart |