A single share trade means nothing. At worst VWAP should be used and even that can be misleading of a companies market capitalisation.
An exploration company’s like CNB, real value will only be determined when a JORC resource is declared and the prospectivity of the tenements future discoveries is determined.
I added a few more today and will continue to add because grades are good and I expect the JORC resource estimate to be high grade and large.
disregard any trade less than 500 in determining market cap
Thoughts for highs and lows for 2023, page-36
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Last
39.5¢ |
Change
-0.020(4.82%) |
Mkt cap ! $67.91M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.0¢ | 38.5¢ | $88.59K | 224.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2200 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 1355 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CNB (ASX) Chart |