Have a look at MMA Offshore 5 year and 1 year chart.
Slowly but surely they sold off multimillion dollar assets to improve the balance sheet.
That is what I expect to happen here. Until then, you are being paid to hold, unlike at MMA Offshore.
At Cromwell, they are in charge of their destiny. This will mostly be event driven by executing deals behind closed doors.
Unlike Coal, Gas, Lithium, Cos are price takers not price makers with daily price fluctuations.
NGL, the share price can go down further -- especially with EOFY tax loss selling.
Have a look at MMA Offshore 5 year and 1 year chart. Slowly but...
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Last
40.0¢ |
Change
0.005(1.27%) |
Mkt cap ! $1.047B | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.5¢ | 39.3¢ | $451.9K | 1.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 90497 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 315109 | 5 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| CMW (ASX) Chart |