probably the only news that will lift CVN SP is reserves report which we aren't due for a week or two (last year was released 17th March). Drops in revenue and profit are being treated very harshly in current climate.
I think these values present a buying opportunity, but I am watching SP for confirmation for a day or two.
We all knew that the revenue would be much lower with exploration rather than production being focus for the last half, you just have to wonder where these people have been to sell on what was expected really, although historically CVN does get sold off hard on any news without gushers.
Stevero
probably the only news that will lift CVN SP is reserves report...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $724.4K | 3.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 279612 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 485773 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |