Yes but it's also resilient ton the downside.
Just remember the March 2020 experience.
What it really means is it trades more on fundamentals and less speculatively than say OZL which has a more growth(y) aspect.
I would quote Warren Buffet. When the tide goes out, we see who isn't wearing bathers.
Cheers
Ann: Transformational Acquisition of the MATSA Mining Complex, page-365
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 (20min delay)
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Last
$9.30 |
Change
0.070(0.76%) |
Mkt cap ! $4.250B | |||
| Open | High | Low | Value | Volume |
| $9.23 | $9.32 | $9.16 | $15.50M | 1.672M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5224 | $9.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.30 | 8407 | 3 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$9.27 |
Change
0.070 ( 0.75 %) |
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| Open | High | Low | Volume | ||
| $9.23 | $9.32 | $9.17 | 458500 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| SFR (ASX) Chart |