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+
reserves report.., page-16
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.3¢ |
Change
-0.003(1.28%) |
Mkt cap ! $344.3M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $82.63K | 434.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 512183 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 993501 | 20 |
View Market Depth
| Last trade - 14.27pm 14/06/2024 (20 minute delay) ? |
|
|||||
|
Last
19.0¢ |
Change
-0.003 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 19.0¢ | 19.0¢ | 19.0¢ | 183992 | ||
| Last updated 14.25pm 14/06/2024 ? | |||||
| CVN (ASX) Chart |