I think it is being capped.
But I also think tax loss selling is another big explanation for why this is stuck below 1 cents despite strong expected profits and rising oil prices.
With the share market booming, lots of people who are on the fence about CE1 will be grateful for the tax losses (to offset capital gains elsewhere).
Goos chance to accumulate before the new financial year IMHO.
Ann: May 2021 Operational Update and Revised Guidance, page-44
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Mkt cap ! $5.700M | |||
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| CE1 (ASX) Chart |
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