The reason I like CPV is that its one of a kind, One stock on its own in this sector on this ASX exchange.
Mineral companies and explorers, are a dime a dozen. Typical story. We are looking for 50 different minerals and its going to take 100 years and a billion dollars worth of drilling and searching to mabe find a mineral somewhere. In a sector that has mabe 1000 other stocks in the same sector.
So to be a shining light as a Mineral explorer, it needs to shine brighter than the other 1000 speck miner explorer stocks.
So thats what makes CPV better and different, because its the only stock in this sector, so therefore its the Best stock in this sector. In a growing sector of renewable energy, tipped to grow 10 fold as a sector over the forseeable future. And this is the only one available to buy.
With a tiny listed volume of stock available to buy, compared to a speck miner stock that would have billions of shares on issue, by comparison it only takes chump change of buying to push the CPV shareprice.
But on a speck Miner stock with a billion issued stock, it would take 300 million trade volume worth of buying on market to even nudge it. By comparison CPV moved 37% today on just 2 million traded volume.
Thats only $500k of trades to move this up 37%. Its peanuts. What this means is once real Money starts buying CPV with over $1 Million dollars buying per day, it could and should keep CPV running for a fair way yet.
A speck miner with a Billion stock on issue is always going to struggle to rise because it would take more cash than what would be probable to make it move.
Based on that above, CPV can still run more UP.
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Last
43.0¢ |
Change
0.010(2.38%) |
Mkt cap ! $104.6M |
Open | High | Low | Value | Volume |
43.0¢ | 43.0¢ | 41.5¢ | $49.64K | 116.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45560 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 1881 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45560 | 0.420 |
4 | 28182 | 0.415 |
4 | 122692 | 0.410 |
2 | 36259 | 0.405 |
9 | 56482 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 1881 | 1 |
0.435 | 18850 | 2 |
0.440 | 91818 | 2 |
0.450 | 2185 | 1 |
0.455 | 5882 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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