Over 1.8B shares (that's 1.8 BILLION) shares have been traded in the past three months (Jan-Mar 2018). There have been a number of shares issued in this time but with all of that churn and a SP that has only risen 50%, there's major accumulation going on IMO.
Some of that volume would have been traders getting in and out but it's an extremely high volume so it may be the case of a few people in the know building large positions as a result of possible M&A activity. The AVB deal would have been explored and conceived long ago so it's not hard to assume those involved also spotted the value in CTM.
Pure speculation on my part but a few of the pieces fit together very well. All IMO.
I think I'll capitalise on the supply at 1.3 and increase my position. I reckon she's gonna blow real soon. Again, all IMO and not advice.
Brazil Region Takeover targets next to CTM, page-10
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $233.4M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 47.5¢ | 45.0¢ | $206.0K | 447.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5000 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 2880 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CTM (ASX) Chart |