Slow price appreciation is due to reserve size CUE has. I still couldn't work out how long the current oil and gas asset can keep production and how much.
once that clarity kicks in then we know, where to from here otherwise there is massive resistance at 11.5c
best to remove resistance is for company to issue buyback announcement for 1 year period and don't start buying everyday but do opportunistic buy such as if price goes below 20% of nta then buy on market then stop as price goes up. This works best as it will still allow them to have 2c per annum dividend (1c per six month) plus use extra for buy back if any.
Slow price appreciation is due to reserve size CUE has. I still...
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $73.32M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $762 | 7.618K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 232237 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 155266 | 4 |
View Market Depth
| Last trade - 15.39pm 28/06/2024 (20 minute delay) ? |
| CUE (ASX) Chart |