The SP currently fluctuates between 27c to 31c. The main reasons are in my opinion:
- Investors expect a capital raise soon.
- Investors are not sure if the new strategy will be successful.
- Lower risk appetite.
The next quarterly should answer some questions, for example how likely a capital raise in the next weeks is. Positive news (for example from the Kamao-Kakula project, which I expect by end of January 2024) should support the share price. I reckon, as said before, that 2023 and 2024 will lay the foundation for a very successful year 2025. So 2024 is the "year of patience and accumulation" for me.
CNQ General Discussion, page-187
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $20.04M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.0¢ | 28.0¢ | $4.367K | 15.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40933 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 8656 | 1 |
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| Last trade - 15.01pm 26/07/2024 (20 minute delay) ? |
| CNQ (ASX) Chart |