Looking at the fundamentals, there was no reason for a unchanged day for RMS today.
Clearly someone is holding this down (shorting) and will either be burnt and forced to cover, or will cover and support the SP in any dips if the USPOG goes down.
Given that volume was very low with 2m shares traded today, it didnt take much to hold this puppy down. SLR and PRU had volume spikes today as I suspect shorters in those stocks covered. But I await the actual data.
Either way, I think of it this way: if you think RMS should be in line with other goldies that did 5% plus today. Then consider buying today as its at a 5% discount.
Looking at the fundamentals, there was no reason for a unchanged...
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 (20min delay)
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Last
$1.94 |
Change
0.020(1.04%) |
Mkt cap ! $2.216B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.95 | $1.91 | $4.766M | 2.470M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14180 | $1.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 47251 | 3 |
View Market Depth
| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
$1.93 |
Change
0.020 ( 0.25 %) |
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| Open | High | Low | Volume | ||
| $1.94 | $1.95 | $1.91 | 652487 | ||
| Last updated 15.59pm 06/05/2024 ? | |||||
| RMS (ASX) Chart |