It’s a very tough market at the moment for junior explorers. To raise $750k at 5c is a pretty good effort. I was expecting something around the 4.5c market so I believe this clearly shows they have some great prospects which could lead to a significant re-rating in a short period of time. Guess the results will speak for themselves - some good grades and width at Virginia could easily add 5c to the SP. Now they also have the money for drilling at Jervois so it’s all upside as far as I am concerned.
cxo 5 cents, page-3
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $257.1M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.5¢ | 11.5¢ | $1.026M | 8.500M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 6289135 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 4315640 | 50 |
View Market Depth
| Last trade - 14.34pm 10/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |