I believe that it should hold at above 55c as the recent news from CVN has confirmed that CVN is likely to continue doing well from its reserves.
As long as the oil price and Dow do not tank i do not see any problem.
If it does head below 52c , then the company will become even better value but as it stands now looks good to me.
In time with most things heading in the right direction we should see the SP back to high 60-70's by year end with a bit of volatility in between.
gap, page-4
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.3¢ | $887.4K | 5.384M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 286883 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 40386 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |