A $40M contract is a good report, however they haven't reported any other contracts lately. There seems to be a lot of insider knowledge in the mining services sector - share price trends seem to be a very good indicator of what is actually happening. I mention this generally - I don't know anything specific about SXE.
The current share price looks cheap, but if the company is only breaking even or operating at a loss, the price will drop considerably. I'll wait for a performance update before committing.
$40m rio contract starting this month, page-6
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Last
$1.51 |
Change
0.055(3.79%) |
Mkt cap ! $506.8M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.52 | $1.44 | $1.522M | 1.021M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 1000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SXE (ASX) Chart |
