Hartleys in West Australian today recommended cvn as a buy on the basis of being undervalued with a price range valuation of 23c to 42c based on current and future exploration. Perhaps explains the buying today.
Maybe Hartleys want to push the price up ahead of a share issue. I assume, as cvn's main backer, Hartleys would participate in any share issue - that's the cynical view.
More likely, a share issue will favour 'sophisticated' investors, which will help limit a price fall.
hartleys buy recommendation
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.5¢ | $31.40K | 202.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1172903 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 536623 | 8 |
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| Last trade - 10.02am 25/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |