To be fair most gold stocks had a bit of a turnaround mid-morning, although RRL's probably the most pronounced.
The shallow pull back relative to peers is what I really like about the stock at the moment. RRL probably hasn't had the same level of institutional buying as NST and EVN and I think there is a good chance of it breaking higher again on money coming into the sector.
The free cash being generated is really unmatched at the moment and the exploration story should start to become more concrete with some resource definition this quarter.
Heavy buying against sentiment, page-2
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Last
$2.54 |
Change
0.020(0.79%) |
Mkt cap ! $1.473B | |||
| Open | High | Low | Value | Volume |
| $2.54 | $2.55 | $2.51 | $1.906M | 753.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 41 | 78168 | $2.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.54 | 78825 | 39 |
View Market Depth
| Last trade - 14.19pm 03/12/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
