Blame margin calls, blame the average punter who doesnt distinguish the good with the bad and sells everything and anything, but eventually the company and its prospects will speak for itself.
The same thing happened last August when it went to 11c. Took time to get back, but the results kept coming in and reason was restored. Anyone that thinks this is the end of cvn and the end of the jv pulling up greater and greater amounts of oil is not thinking with a level head, and this is what is happening now...To many people running around like headless chooks.
Termoil in the markets is a normal phase, just have to suffer it and wait for the clouds to lift.
good bieng sold with the bad.
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Last
20.5¢ |
Change
0.010(5.13%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $492.2K | 2.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 415302 | 9 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |