VWAP today 15.46c. Closing on small volume at 15c. I haven't been following too closely but seems the closing price is regularly below the daily VWAP which suggests accumulation and a controlled close by accumulator(s). Easy to do with small volumes traded and a seller continually trickling their excess CR stock onto the market.
In the medium term, if the Stage 1.5 operation performs reasonably well at anywhere near their projected volumes, the resulting cashflow will ensure a very nice share price IMO.
Unless you need to sell in the short term, don't sweat it if someone is trying to keep the price down. It might be a bit frustrating but you should really be more concerned if someone is trying to prop the price up!
General discussion, page-938
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $23.38M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.8¢ | 2.7¢ | $15.92K | 578.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 480000 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 161121 | 2 |
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| Last trade - 11.33am 07/11/2024 (20 minute delay) ? |
| CXM (ASX) Chart |