Seeing as the SP has gone up 50% in a couple of weeks and 100% in a couple of months I am not surprised and have no problem with seeing a little pullback/consolidation on lowish volume, it looks pretty healthy to me.
The fundamentals haven't changed and $50m market cap still looks really cheap to me. Looks like a good buy opportunity for those who need to get in or top up, but I'm fairly sure the SP will take the next leg up before too long. Just look at the fundamentals of what we're already 90% sure of, let alone the prospect of how much more cobalt may be in these tenements.
I'm fairly sure that in 6-12 months time the chart will be scaled so differently that all of these ups and downs will just look flat.
CLA chart, page-127
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $24.27M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.0¢ | $19.84K | 1.816M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 4394360 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 96489 | 1 |
View Market Depth
| Last trade - 15.59pm 14/06/2024 (20 minute delay) ? |
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Last
1.0¢ |
Change
-0.001 ( 9.09 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 1.0¢ | 594459 | ||
| Last updated 15.33pm 14/06/2024 ? | |||||
| CLA (ASX) Chart |