I see the last few days there has been lots of activity on CMI.
I can only assume that Acorn are in the sell down process and someone has decided to acquire what Acorn is selling.
At the current $1.05 price its pretty cheap! especially when it has cash backing of $0.77/share
We may be lucky in that it could be an activist buying in or someone preparing to make an offer.
Time will tell on this one.
Lots of activity
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Last
$3.07 |
Change
-0.030(0.97%) |
Mkt cap ! $89.01M | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.10 | $3.07 | $17.17K | 5.564K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2483 | $3.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 5000 | 1 |
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| Last trade - 12.07pm 28/06/2024 (20 minute delay) ? |
| ECL (ASX) Chart |