CTO 0.00% 0.4¢ citigold corporation limited

re: jv Stock performing poorly - perhaps to do with lack of JV,...

  1. 436 Posts.
    re: jv Stock performing poorly - perhaps to do with lack of JV, I agree the better interest is in CTO self funding the mine for the benefit of share holders. A J.V. would surely benefit those share holders holding for the short term, self funding the longer term and clearly most beneficial to the company in the long run. Interesting to see the updated share distrubution, only just over 8182 entities own CTO, and only 745 of those own more than 100,000 shares. More to the point - CTO should be much higher due to fundamentals however technically speaking the chart for them couldn't get much worse, or could it? With gold recently cracking $600 you would expect the price to surge, if even only a little. Oil was down 3% last night and one would expect gold to follow tonight and if that is the case - (IF) - what would the price be expected to be if gold were to retrace, say to $590? What of the 2 institution related trades passing today at around 5.5mil (one over 2.6mil, the other over 2.9mil) shares at 38.5c? Those special X-trades would have been made off market in the last 24 or 48 hours. Perhaps an entity moving shares to another entity, or is it more than that?
 
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Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $12M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $20.71K 5.177M

Buyers (Bids)

No. Vol. Price($)
24 14414790 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 2859251 8
View Market Depth
Last trade - 13.09pm 28/06/2024 (20 minute delay) ?
CTO (ASX) Chart
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