I think it’s the same as a lot of resources stocks.
People were too scared to buy until they thought the bottom was in, they believe it is now, and they recognise it is still too cheap, well oversold. I could be wrong, often am on such things.
A large debt package on half reasonable terms and this will fly into the 30s again imho, and some firm words on the next round of drilling wouldn’t go amiss, but right now positive news would be wasted. Need to settle back higher first imo.
EL
I think it’s the same as a lot of resources stocks.People were...
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.8¢ | $136.6K | 855.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 166365 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 184462 | 4 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |