I agree the selling has mispriced SRL (efficient market theory is out the window), this is mainly due to redemptions causing funds to sell everything at any price, and they will be liquidating heavily on a day like today.
Personally, I think anywhere below $2 is great value for this stock due to management having reaffirmed guidance, but I suspect it will stay under pressure as 'sell the rally' is the mantra these days.
quarterly report, page-18
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Last
39.0¢ |
Change
-0.010(2.50%) |
Mkt cap ! $35.18M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 40.5¢ | 38.0¢ | $10.71K | 26.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8645 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 110 | 1 |
View Market Depth
| Last trade - 13.51pm 07/10/2024 (20 minute delay) ? |
| SRL (ASX) Chart |