It might be as simple as the fact that SBM is a very high cost producer. With the $A gold price over $1,300/oz, there was no question that they were making money. However, as the price comes down, their level of profitability plummets much more quickly than a company with total costs of, say, $700/oz.
So, unless there is some bad news out there which we don't know about, SBM is just doing what it does - being essentially a leveraged play on the $A gold price.
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
20.5¢ | 21.5¢ | 20.0¢ | $1.033M | 4.950M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 65150 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 926460 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65150 | 0.210 |
7 | 294290 | 0.205 |
25 | 1568031 | 0.200 |
22 | 1363532 | 0.195 |
38 | 1110909 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 926460 | 17 |
0.220 | 783992 | 11 |
0.225 | 371761 | 7 |
0.230 | 255610 | 10 |
0.235 | 703959 | 7 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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