A $40M contract is a good report, however they haven't reported any other contracts lately. There seems to be a lot of insider knowledge in the mining services sector - share price trends seem to be a very good indicator of what is actually happening. I mention this generally - I don't know anything specific about SXE.
The current share price looks cheap, but if the company is only breaking even or operating at a loss, the price will drop considerably. I'll wait for a performance update before committing.
$40m rio contract starting this month, page-6
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Last
$1.88 |
Change
-0.010(0.53%) |
Mkt cap ! $497.6M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.90 | $1.87 | $322.8K | 171.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3259 | $1.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.88 | 2123 | 7 |
View Market Depth
| Last trade - 14.54pm 18/09/2024 (20 minute delay) ? |
| SXE (ASX) Chart |