SXG 4.76% $2.20 southern cross gold ltd

SXG.AX and MAW.TO - what does the future bring?, page-9

  1. 5,727 Posts.
    lightbulb Created with Sketch. 1827
    SXG is now churning through the old resistance/shareholders - it's been here twice before. Third time lucky. (2Yr daily chart)

    https://hotcopper.com.au/data/attachments/5586/5586617-e1e72e09884071b21ecdd00e517761a8.jpg

    SXG 2 year (weekly) chart compared with MAW 5 Year (weekly) below. So MAW are making higher highs (over the last 2 year interval) even though they have reduced from 60% to 51% SXG ownership. Whereas SXG have the resistance of the old highs to overcome.

    At current prices SXG Cap A150m est for 100%, MAW Cap A110m est equivalent for 51%.

    Feels a bit like a cork in a champagne bottle scenario.

    https://hotcopper.com.au/data/attachments/5586/5586622-9af6c8522446e9c8640b45190a2a27f3.jpg
    https://hotcopper.com.au/data/attachments/5586/5586624-36e64774f61768d4058e6bc1a05e255b.jpg

 
watchlist Created with Sketch. Add SXG (ASX) to my watchlist
(20min delay)
Last
$2.20
Change
0.100(4.76%)
Mkt cap ! $435.0M
Open High Low Value Volume
$2.21 $2.23 $2.17 $3.120M 1.413M

Buyers (Bids)

No. Vol. Price($)
1 7454 $2.18
 

Sellers (Offers)

Price($) Vol. No.
$2.20 10287 3
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
SXG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.