The weekly chart looks primed for a big step up, previous high of 20c a promising target, yesterday's close was bullish. Further confirmation from the drill bit of the commercial viability of the project soon, will do it.
The sooner the news the better in terms of projecting to the market that the company is making quick progress, everybody is aware that this is a lithium discovery* and bubble, many will fall by the wayside. CXO have early mover advantage.
*as the EV/Powerwall battery market matures the established early suppliers will swallow up the smaller players.
Significant re-rating on the horizon, page-13
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Last
12.0¢ |
Change
0.010(9.09%) |
Mkt cap ! $256.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.0¢ | $3.037M | 25.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 318278 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 2878347 | 41 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| CXO (ASX) Chart |