I think investors have simply lost their appetite for specs at the moment. End of '17 start of '18 was outrageous for the spec end with bags being made everywhere, particularly in commodities. There has been a sector wide pullback since then with a lot of inflated market caps, and in fact I think CTM has fared well compared to some others.
The way I see it is CTM is continually coming up with the goods per announcement, a few stars still need to align (SW approvals) but when this stock firms up it's prospects and positive sentiment returns to the speccys there will be gains here IMO. I've said for a while now that this market cap is very small even for itapitanga alone.
I am seeing this super low market cap as a very good opportunity to enter/ add to an investment which is significantly undervalued with an enormous upside. If you can hold, accumulate and be patient I think there will be rewards.
This is purely my opinion and not advice.
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Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $205.9M |
Open | High | Low | Value | Volume |
43.0¢ | 43.0¢ | 42.0¢ | $34.45K | 80.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44989 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.0¢ | 1235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 21524 | 0.370 |
1 | 50000 | 0.355 |
1 | 28000 | 0.350 |
3 | 58210 | 0.345 |
2 | 19000 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 7000 | 1 |
0.395 | 22197 | 3 |
0.400 | 61978 | 2 |
0.420 | 15331 | 2 |
0.430 | 10000 | 1 |
Last trade - 15.28pm 15/11/2024 (20 minute delay) ? |
CTM (ASX) Chart |