The volume in June was in part due to the GDXJ sell down and was felt across all the junior gold companies. SBM did well compared to a few others.
I see limited upside in the short term for SBM. Production will be a little weaker this quarter per their forecasts in the last quarterly. Ultimately the production numbers drive the chart.
I also think there is a possibility that SBM buy someone out and dilute shareholders. SBM are a bit more desperate for another mine (than say NST or EVN) because they have one marginal operation with a short mine life and Gwalia with a more technically complex production profile as they go deeper.
The volume in June was in part due to the GDXJ sell down and was...
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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¢ | $307.7K | 904.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 318528 | 33.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 420978 | 20 |
View Market Depth
| Last trade - 11.58am 29/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
