It is called manipulaion, happens all over the market,short sellers and others trying to sell down a share on small volume so as be able to buy back a larger stake at lower prices.
Fundamentally this share price should not be dropping, oil dropping to $120
It is stil $120 per barrell, at 15,000 barrels a day time $120 = $1,800,000 per day * 40 (CVN Share) = $720,000 *365 days = $262m p.a.
I keep buying because the cash will come in as will the dividends and all the sellers will look stupid
cheers
when will the selling end, page-2
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Last
20.5¢ |
Change
0.010(5.13%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 19.5¢ | $492.2K | 2.477M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 55000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 415302 | 9 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |