Yes, DG certainly did say he thought we were undervalued (at $1.15), which I very much liked in his Resources Rising Stars presentation. I have used this pullback as an opportunity to add quite a number of CTM shares to my portfolio, but must say there is certainly a hidden seller in the mix which I've noticed with large buy orders (50-100k parcels) instantly executing, not to mention the bots at play adding buys/sells on every bid I place. Bots are a good thing here though, it proves that there's serious interest in CTM and that larger players than us are trying their best to build a better position.
CTM had an unusually large BUY wall of circa 500K shares at $1.05 today, which a seller took out and pushed SP back to $1.03, but the fact it closed on a high of $1.07 today shows there's a lot of interest happening behind the scenes. DG did mention that 70% of the shares are held by the Top 20, which leaves 30% for the market to fight over, making it quite challenging for someone to build a new position without moving the market too much.
Good days are ahead for CTM, use this month's volatility to build a bigger position if you can. A lot of retail will be sitting on profits here so tax time selling of CTM is a factor, and provides an opportunity for those wanting a larger position to get shares from those wanting to lock in some profits prior to June 30. Bring on July!
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $215.8M |
Open | High | Low | Value | Volume |
43.0¢ | 45.0¢ | 42.5¢ | $73.96K | 169.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 29545 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 6802 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 29545 | 0.430 |
3 | 23257 | 0.425 |
5 | 168790 | 0.420 |
1 | 100000 | 0.415 |
4 | 121317 | 0.410 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 6802 | 1 |
0.460 | 54407 | 2 |
0.465 | 25000 | 2 |
0.470 | 83817 | 4 |
0.475 | 72053 | 2 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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CTM (ASX) Chart |