CNB 5.19% 36.5¢ carnaby resources limited

CNB and why it is STILL undervalued!!, page-1193

  1. 3,703 Posts.
    lightbulb Created with Sketch. 626



    @TJ22

    Have been out all day and just had my first look for the day after the close during the 10 minute auction period and see share price manipulation is continuing ... and it's not hard to do with a tightly held illiquid stock really .. near the end of the auction period there was ...

    • 1 buyer for 11,548 shares @ 35c
    • 1 seller for 11,569 shares @ 35c
    • and then 1 seller for 30k shares @ 35c

    So the final sale was pushed down to 35c


    • On the other side of the coin had someone purchased just 396 shares @ 37c for the princely sum of $147 at the end of the auction the final sale price would have been 37c for no change for the day.

    That's why I don't take too much notice of charting tightly held and low SOI stocks such as CNB which can be pushed up or down very easily.


    I guess some have their own agenda's ...... this is not a sprint with lots of work ahead of us ..... some are pushing for an expectation that every single drill result will be Company making .... well that's not realistic.

    If exploration was that simple every company on the ASX would be an actual producer ..... and that's unlikely to put it mildly ....

    All good .....



 
watchlist Created with Sketch. Add CNB (ASX) to my watchlist
(20min delay)
Last
36.5¢
Change
-0.020(5.19%)
Mkt cap ! $62.75M
Open High Low Value Volume
37.0¢ 37.0¢ 36.5¢ $56.54K 153.5K

Buyers (Bids)

No. Vol. Price($)
2 16756 36.5¢
 

Sellers (Offers)

Price($) Vol. No.
38.0¢ 24697 3
View Market Depth
Last trade - 15.42pm 15/11/2024 (20 minute delay) ?
CNB (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.