SBM 1.49% 34.0¢ st barbara limited

Cant see need to panic, myself [yet...]. Increase in price, vol...

  1. 117 Posts.
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    Cant see need to panic, myself [yet...]. Increase in price, vol since early March was extraordinary, price accelerating away from 30ma price line.
    And not necessarily options action either. On 11 March SBM was included in S&P/ASX200 so renewed institutional interest. Hunter Hall was seller of 5.4m shares on 9/3 [ front running S&P release ? it appears bought these in Feb 2015 so taking profits on reaching a major milestone ? ]
    Then on 18 March, Van Eck bought 28m shares for GDX [ possibly topping up in GDXJ at same time, accounting for the >50m vol that day ?]
    On the same day, Hunter Hall sold a further 6.6m shares. Still got 62m to go....and some huge profits to realise at some point, so maybe capper of price trend now for a while ?
    I hope price action will calm down to more closely follow a steady rise in the 30ma line for a while, and that Hunters only sell on major volume demand days rather than forcing the price. Guess it depends if gold price collapses/soars and your guess is probably better than mine on that.
 
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Last
34.0¢
Change
0.005(1.49%)
Mkt cap ! $233.2M
Open High Low Value Volume
33.5¢ 34.5¢ 33.5¢ $678.5K 1.991M

Buyers (Bids)

No. Vol. Price($)
6 131915 34.0¢
 

Sellers (Offers)

Price($) Vol. No.
34.5¢ 327657 15
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Last trade - 16.10pm 29/11/2024 (20 minute delay) ?
SBM (ASX) Chart
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