I don't follow SMR in detail but I was reading a couple of weeks ago that it's parent company received a low ball takeover offer from the Indonesian Widjaja family. This family is the 2nd richest in Indonesia.
It really could explain the rise in price over the last few weeks.
This is what I read.
Sold out a few days ago.
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 (20min delay)
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Last
$1.94 |
Change
0.015(0.78%) |
Mkt cap ! $1.744B | |||
| Open | High | Low | Value | Volume |
| $1.92 | $1.95 | $1.92 | $1.885M | 975.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2266 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 7408 | 3 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| SMR (ASX) Chart |