Simple.
The market over-corrected in preparation for bad news, and the previously 2 failed wells (2 failed wells out of a 34 well drill program for 2011!!). CVN is worth significantly more than the share price would suggest.
If there was a takeover bid, i'd be expecting 50 cps+
Simple.The market over-corrected in preparation for bad news,...
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Last
22.0¢ |
Change
0.005(2.33%) |
Mkt cap ! $393.5M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.0¢ | 21.5¢ | $235.3K | 1.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 357240 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 290273 | 9 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
21.8¢ |
Change
0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 21.5¢ | 22.0¢ | 21.5¢ | 613600 | ||
| Last updated 15.58pm 21/05/2024 ? | |||||
| CVN (ASX) Chart |