I think CXO is in a good spot here. Yes, there has been and will be a bit of a re rate but less speculative money flying around might not be a bad thing. Investors will still be wanting to invest in Lithium but they will want to stock more secure and stable companies. Companies that have been de-risked.
Again CXO might not have the biggest or best reserves but they are secure, stable and de-risked. Suddenly you become even more attractive and while it might not mean the SP will go back up considerably in the short term it just might mean it might not go down as much.
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Last
8.5¢ |
Change
-0.003(3.41%) |
Mkt cap ! $181.6M |
Open | High | Low | Value | Volume |
8.7¢ | 9.0¢ | 8.5¢ | $841.7K | 9.702M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 1089881 | 8.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.6¢ | 316745 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 1089881 | 0.085 |
10 | 524089 | 0.084 |
6 | 253705 | 0.083 |
9 | 319270 | 0.082 |
13 | 695060 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.086 | 316745 | 2 |
0.087 | 4300 | 1 |
0.088 | 462582 | 5 |
0.089 | 401416 | 3 |
0.090 | 405970 | 7 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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CXO (ASX) Chart |