Recently there was some investor/fund management interest where the volume elevated above a million each day for a couple of weeks then stopped abruptly after who ever was accumulating had their fill. Then the volume of course basically returned to less than 100k and the price steadily dropped back to mid 60-70c.
This is normal for this stock especially as there aren’t that many shares around to trade as most holders are keen to hold and the Executive Chairman holds over 50%
I have heard the EC, David Burton when satisfied that his baby has become a man will only then sell down under 50% ??? and, apparently that holds many things back from institutional investor interest. We have all been wishing & hoping CMP will soon grow up, all it needs is a catalyst regards one or two sales deals on MEG or Somfit in main. As previously highlighted on this thread things do look very close and I definitely would be loading up on weakness if I had the $
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $54.21M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 29.0¢ | $4.655K | 15.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 20529 | 29.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 16666 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 20529 | 0.290 |
1 | 3000 | 0.280 |
1 | 9000 | 0.270 |
1 | 2000 | 0.260 |
1 | 25000 | 0.255 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 16666 | 1 |
0.310 | 25805 | 1 |
0.315 | 6000 | 1 |
0.320 | 1900 | 1 |
0.340 | 20000 | 1 |
Last trade - 15.16pm 16/08/2024 (20 minute delay) ? |
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CMP (ASX) Chart |