It's never great to see your share price getting hit like it has over the last 48 hours however I don't think it's sheep stations just yet by any means! Particurly for more recent investors around the $2.50 entry or below.
The company is still in it's infancy with a strong outlook over the next 10 years.
The markets are certainly skittish on SYR after a fairly dramatic correction in sp from company all time highs a few years ago. The Balama fire only compounded investor insecurities causing the landslide against a back drop of global instability.
The correction in sp from almost $7 in 2016 was probably expected however markets across the board have been bearish over the last 12 months.
An already depressed market almost certainly over reacted to the fire in the Balama plant last October which has probably placed SYR in over sold territory.
Be interesting to see what market analysts have to say about SYR on Monday.
Without been an authority on SYR & purely from a spectators position SYR seems to be a fantastic buy at this price! Unfortunetly I don't have the spare capital at this minute however goodluck to all!
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It's never great to see your share price getting hit like it has...
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Last
22.0¢ |
Change
-0.010(4.35%) |
Mkt cap ! $232.8M |
Open | High | Low | Value | Volume |
23.0¢ | 23.5¢ | 21.8¢ | $592.6K | 2.639M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 40540 | 22.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.5¢ | 132427 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 116062 | 1.070 |
10 | 209299 | 1.065 |
8 | 106613 | 1.060 |
6 | 96647 | 1.055 |
10 | 132219 | 1.050 |
Price($) | Vol. | No. |
---|---|---|
1.075 | 58078 | 4 |
1.080 | 70753 | 4 |
1.085 | 72117 | 5 |
1.090 | 103210 | 6 |
1.095 | 57928 | 2 |
Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
SYR (ASX) Chart |