I think that's a good point Phil - I look at my watchlist and most of the spec stocks just keep on drifting lower and lower at the moment. It's a tough gig for the pure spec play in this market environment.
However, CVN is transitioning away from being a pure spec play into a solid producer. So in the same way a lack of news and stagnant productivity hurt CVN recently, the current increasing bopd via infrastructure and NSE drilling (likely leading to inreased production) should see CVN being targeted as a stock increasing numbers of people will be comfortable parking their cash in. I guess I'm saying that the company is increasing de-risking as time goes by.
Tell you what though, I'm a bit surprised by the muted response to today's ann. It would surely take a very conservative/cynical person to suggest that NSE being given a green light to go into full field production wont lead to SIGNIFICANTLY higher flows, leading to a significantly higher SP?? I thought the market would be all over it..... but looks like it may take Hartleys and Fat Prophets to point out the obvious...
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 441949 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 2048593 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 441949 | 0.165 |
16 | 1342036 | 0.160 |
5 | 1295000 | 0.155 |
6 | 458366 | 0.150 |
4 | 46589 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 48593 | 3 |
0.175 | 193985 | 3 |
0.180 | 1519056 | 13 |
0.185 | 2434021 | 15 |
0.190 | 1702005 | 9 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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CVN (ASX) Chart |