while i also believe the current SP is very cheap, u must remember that it reached 80c on expectations of oil prices exceeding $150 a barrel. now the expectations are POO decreasing to around $100. sentiment is clearly what's leading the way and noone is taking notice of future growth of the company. this will be the way as long as commodities remain falling off the cliff.
hopefully the announcement expected later this week or next week will give some confidence. but as we've seen before, an announcement can see the price spike in the morning only to be sold off in the afternoon.
while i also believe the current SP is very cheap, u must...
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $478.3K | 3.010M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6210 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 482885 | 6 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |