Looks like i am wrong again.
No support at $1 - sp likely to drop below $1
In the last 6 months - its been flirting with the $1 sp.
Should stablise once the debt ceiling in the USA is finalised - so another 3.5days of drama to come.
I do hope CXO continues to produce at a profit and keep cost down/ in control and build up its cash balance.
Market is predicting recession now in 2024 - it gives cxo time to build a large cash balance to continue operating during the recession
It is predicted to be mild recession- so 12 months of slow or negative growth - which if cxo had a large cash balance can withstand and boom once the recession is over.
Looks like i am wrong again.No support at $1 - sp likely to drop...
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Last
9.0¢ |
Change
-0.002(2.17%) |
Mkt cap ! $192.3M | |||
| Open | High | Low | Value | Volume |
| 9.2¢ | 9.3¢ | 9.0¢ | $782.5K | 8.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 101 | 5022608 | 9.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.1¢ | 157551 | 4 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |