Yeah, its the ETF redemptions which is hammering gold producers, forced selling. Creating an opportunity on the buy side though for anyone with a longer term outlook, last time SBM traded at this level, gold in USD was around $1200 in 2016 and AUD gold was no where near its current level.
$3.90 valuation by GS updated, page-210
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Last
31.5¢ |
Change
-0.015(4.55%) |
Mkt cap ! $257.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 30.8¢ | $6.836M | 21.56M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 759455 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 333627 | 11 |
View Market Depth
| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |