Sure CVN has had a recent big run up in its SP so it was due to come off somewhat.
I think it may head back up after forming a base near the 60c mark as the recent production issues they have had has been priced in.
As with any small player in the oil & gas exploration sector, you need to be mindful that any company can have bad or good patches but I think CVN is a well run small player with good potential as it has good cash flow/ capital and is a low cost producer.
Each to their own with what you are comfortable in investing in but im a holder also.
Just my 2cs worth.
Sure CVN has had a recent big run up in its SP so it was due to...
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.8¢ | $190.8K | 1.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 270750 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 38484 | 1 |
View Market Depth
| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |