Amazing POE.V is hardly moving on the news.
Based on analysis reports at CVN's website these new reserves would give a valuation of $0.80 based on the 3P reserve.
Yet POE's present price movements indicate this news will have little impact on CVN's present share price.
CVN will need to really sell this news in their announcement and hopefully add more info in relation to production and progress of their latest drilling.
reserves update is out, page-3
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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¢ | $339.5K | 2.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 99537 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 816000 | 18 |
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| Last trade - 14.22pm 04/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |