On the bright side, a non commissioned report/assessment stating...

On the bright side, a non commissioned report/assessment stating a buy, has the change in trend turned, hartley's certainly think so. Hartley's has buy rating on CTP

Posted by Pezhman Azimi on Jul 23rd, 2014

Central Petroleum Limited’s Buy Rating Reaffirmed at Hartley’s Research (CTP)

Central Petroleum Limited (ASX:CTP)‘s stock had its “buy” rating reaffirmed by investment analysts at Hartley’s Research in a note issued to investors on Wednesday.

Central Petroleum Limited (ASX:CTP) opened at 0.385 on Wednesday. Central Petroleum Limited has a 1-year low of A$0.300 and a 1-year high of A$0.660. The stock has a 50-day moving average of A$0.35 and a 200-day moving average of A$0.41. The company’s market cap is A$119.0 million.

But, if their 12 month share price forcast as detailed on the AFI is remained the same, I would tend to question the manner in which the forcast was made based on assessed.