RNU renascor resources limited

this is the main valid reason why RNU's share price is...

  1. 3,468 Posts.
    lightbulb Created with Sketch. 725
    this is the main valid reason why RNU's share price is suffering. It really is this simple - materials sector down 5%

    https://hotcopper.com.au/data/attachments/6668/6668284-7e856477472e18c1fdfc32f8014631fa.jpg

    Mr market is not interested, money has moved elsewhere. Any talk about accumulation by "the big boys" is pure garbage as the opposite is happening. Quotes like "great place to be parked" and "go to where the puck is going" etc couldn't be more off the mark. Great stocks to park your cash long term are the proven winners in their individual niches such as WTC, XRO, CAR, REA etc
    In regards to money flows, that 60.07% you see above is IT sector. Consumer discretionary, which is a rick on sector, is up 29%. 2024 has been a huge year and I truly feel sorry for anyone that has most of their portfolio tied up in Materials. If it weren't for precious metals that -5% would be A LOT lower.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
5.6¢
Change
-0.004(6.67%)
Mkt cap ! $142.4M
Open High Low Value Volume
5.9¢ 5.9¢ 5.6¢ $329.5K 5.676M

Buyers (Bids)

No. Vol. Price($)
7 623227 5.6¢
 

Sellers (Offers)

Price($) Vol. No.
5.8¢ 66287 1
View Market Depth
Last trade - 16.10pm 23/06/2025 (20 minute delay) ?
RNU (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.