Perhaps the reason for CLA,s quick move 4.7c to 9c was the appointment and on mkt buying of Mr RalstonThis could be seen as an indication of risk off re viability of Opuwa project
Which means at current MC (48M aud 6.6c) risk off downside with very big upside as more
of the details of resource, processing, mine plans etc are able to be released
Given the quick large move from such a small piece of news re rating of CLA's current MC could be quick and substantial
As Mark&Pfennig points out "buyers can simple retreat to pick up some more cheap ones" as a way of fully maximising any quick future rerate
All IMO
Perhaps the reason for CLA,s quick move 4.7c to 9c was the...
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $33.99M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $52.88K | 3.751M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2423877 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 5743736 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CLA (ASX) Chart |