I like the look of RRL as a turn around investment because it started strengthening before the rest of the gold market. To me that shows that demand was improving even before the gold price bounced back (which is very positive IMO).
So now we have a stock with increased demand at the same time the downward pressure on gold seems to have been lifted off. This could result in RRL transitioning from under-performing to over-performing in the years ahead.
Lowest price low since 2015, page-63
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Last
$1.82 |
Change
0.010(0.55%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.85 | $1.80 | $26.27M | 14.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227466 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 173839 | 7 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |