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...
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.3¢ | $1.551M | 4.447M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124478 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 272870 | 12 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
