principally because of the prevailing market conditions, its been sold off so that the shares are well under the price of what they should be given the value and prospects of the company (in the case of ctp, very oversold imo).
I am hoping for a strong open tomorrow. If you look at the candlestick charts for ctp, the last run like this kept going for 3 or 4 days and resulted in the sp doubling. On that occassion, most opens were above the previous closes and then the closes were at the daily highs.
In any event, I think that it is somewhat accademic as most of those who have been accumulating are likely imo to be long termers.
All of those who have been following ctp for a while will know the potential value of the shares is in the dollars and not in the cents.
good luck all
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Last
4.8¢ |
Change
-0.004(7.69%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.8¢ | $22.36K | 454.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.2¢ | 96150 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 104163 | 0.049 |
3 | 1201484 | 0.048 |
1 | 100000 | 0.046 |
2 | 280000 | 0.045 |
2 | 28222 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.052 | 96150 | 1 |
0.055 | 11000 | 1 |
0.057 | 45000 | 1 |
0.059 | 25000 | 1 |
0.060 | 210909 | 3 |
Last trade - 11.34am 12/07/2024 (20 minute delay) ? |
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CTP (ASX) Chart |