"Yup, and Rick Rule has made a point of saying CTM is good value and out of favour."
The share price is getting to levels where CTM represents a contrarian investment opportunity imo. Market cap less than $200m seems cheap to me. Sentiment is well and truly against the company and more downside is likely in the short term imo. Once the wind changes direction it could be a good one to take a position on a risk v reward basis. Will probably take a few years to play out though (assuming it goes well).
Trading day running commentary, page-4385
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 (20min delay)
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Last
41.0¢ |
Change
0.020(5.13%) |
Mkt cap ! $202.9M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.0¢ | 40.0¢ | $197.5K | 485.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 235002 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.0¢ | 20669 | 3 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
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Last
40.0¢ |
Change
0.020 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| 40.5¢ | 41.0¢ | 40.0¢ | 130391 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| CTM (ASX) Chart |