CVN's recovery was lagging the others like BPT, STO and WPL and has now caught up. I wouldn't read too much into it. I do think some of the shorts are covering however the short volumes won't be massive (estimated only around max. 40 million short shares remaining uncovered). Also, I would not put too much stock in the market depth only 2 million shares offered, 15 million bid etc. This market depth, whilst an indication, doesn't mean much since it can change very quickly - big buyers and sellers don't show their hands and only dribble in the buys and sell orders, so market depth is not a reliable indicator of where the market is really at.
Having said all this, I hope that CVN keeps rising - IMO it's still very undervalued and as things normalise I expect that it will gradually recover further.
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $636.5K | 3.866M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 624083 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 745415 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 556807 | 0.165 |
8 | 348052 | 0.155 |
12 | 1672628 | 0.150 |
23 | 939657 | 0.145 |
12 | 482777 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 739165 | 11 |
0.175 | 545181 | 9 |
0.180 | 753475 | 10 |
0.185 | 124457 | 6 |
0.190 | 803888 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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CVN (ASX) Chart |