Contango means the future spot price is "modelled" at a higher level than current prices.
Personally I think it borders on desperate by the company to use a modelled future spot price as an indication of future profitability.
About 1 million other variables sit outside the spot price that impact also.
Contango means the future spot price is "modelled" at a higher...
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Last
$4.67 |
Change
-0.035(0.74%) |
Mkt cap ! $3.935B | |||
| Open | High | Low | Value | Volume |
| $4.69 | $4.70 | $4.65 | $1.096M | 234.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 15011 | $4.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.67 | 3808 | 18 |
View Market Depth
| Last trade - 11.01am 14/06/2024 (20 minute delay) ? |
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Last
$4.67 |
Change
-0.035 ( 0.50 %) |
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| Open | High | Low | Volume | ||
| $4.69 | $4.69 | $4.66 | 51422 | ||
| Last updated 11.19am 14/06/2024 ? | |||||
| NHC (ASX) Chart |