it's just the market. All small caps are seller no buyer and end of year tax selling is in full stream at the moment. the market performance is due to very few stocks holding the index up. stocks like CSL, TCL, WES, XRO make the majority of the upside. the market is down only about 4% this year but small caps are down 24% and micros are virtually dead! The second half of this year is ripe for CXL news and hopefully the small cap air will have cleared by then and CXL will increase in value quicker than it has fallen! also short interest quite high at the moment. I would not want to be short when news flow increases as it is quite an illiquid stock so they will have to pay up to get stock back. I remain as confident as ever with this stock long term and shareholders that hang on will be richly rewarded.
it's just the market. All small caps are seller no buyer...
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Last
$1.42 |
Change
-0.045(3.07%) |
Mkt cap ! $257.5M | |||
| Open | High | Low | Value | Volume |
| $1.47 | $1.47 | $1.42 | $732.2K | 509.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 19341 | $1.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 10352 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CXL (ASX) Chart |