The slow grinding decline in the share price has been disappointing and IMO somewhat unjustified. Perplexing to see a company like 88E with a slightly higher market cap now of 241mm and CVN languishing at 234mm when to the best of my recollection 88E has not managed to bring a single barrel of oil to surface in any of it's exploration wells and only has prospective resources as opposed to CVN's contingent resources. With CVN's cash now at around $179mm plus a $90mm USD carry on the development of Dorado and 88E 's cash only around $31 mm the relative market caps are out of whack.
Ann: S&P DJI Announces March 2023 Quarterly Rebalance, page-6
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $357.7M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 20.0¢ | $156.7K | 766.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 670230 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 984815 | 11 |
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| Last trade - 15.59pm 24/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |