There is always an excuse people make for the selling.
Reasonable MRE that took the shine off CNB so it is not being valued at a premium.
The cash is going to be spent this year so you can discount that.
No market breaking news in months.
Anyone who bought stock in the last year is now in the red. Many will need a +100% move just to get back to even and there will more dilution in the future making this task even harder.
This stock needs major news like a new discovery news or the price of copper to go back to $5.
Ann: High Grade Discovery 4m @ 7.0% Cu - Exploration Update, page-115
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Last
52.5¢ |
Change
-0.025(4.55%) |
Mkt cap ! $90.26M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 52.0¢ | $77.58K | 147.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9469 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.0¢ | 819 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| CNB (ASX) Chart |