SRL 7.25% 32.0¢ sunrise energy metals limited

What is going on? 25% drop in 10 minutes?, page-34

  1. 1,927 Posts.
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    It's an interesting situation.

    A seller offloaded over 500k of shares two days ago in a hurry and we were back at low support of $1.3x and now back to $1.45 already on very little buying. There seems to be plenty of buyers at these levels happy to snap up the cheap shares.

    If someone really wanted to take a decent buy position in SRL of 50,000 shares right now you are going to be pushing the price pack to $1.78. if you wanted to buy 500k of shares you would be pushing the price well over $2.

    Food for thought that if you want SRL stock in a decent amount, there is not much available to buy and SP price is going to move up in a hurry. Just like it did in the past month really before the big sell order.
 
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Last
32.0¢
Change
-0.025(7.25%)
Mkt cap ! $28.87M
Open High Low Value Volume
34.0¢ 34.5¢ 32.0¢ $32.56K 98.15K

Buyers (Bids)

No. Vol. Price($)
1 9999 32.0¢
 

Sellers (Offers)

Price($) Vol. No.
33.0¢ 1537 2
View Market Depth
Last trade - 16.10pm 27/06/2024 (20 minute delay) ?
SRL (ASX) Chart
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