I think it is mainly a lack of investor confidence in the production performance of the company. That lack of confidence from potential buyers also means shorters have a tendency to amplify the down moves.
Today's move wasn't in isolation though with quite a few of the other resources stocks (and some goldies) beaten up
Like A Rock Again, page-3
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Last
$1.62 |
Change
0.000(0.00%) |
Mkt cap ! $1.220B | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4960 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 67 | 1 |
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| Last trade - 09.50am 20/08/2024 (20 minute delay) ? |
| RRL (ASX) Chart |
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