Sell down here is understandable. At the current rate, CVB only has 3 qtrs of cash left. Company guided to 24 months cash runway at the IPO. The company states that the reported qtr is typically a weak qtr and things will build from here, but I feel the market will want to see proof before the share price will turn around.
Ann: Quarterly Activities Webinar Presentation - Sep 2023 Qtr, page-4
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $41.22M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 13.5¢ | $26.68K | 191.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110000 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 27564 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CVB (ASX) Chart |