Market reaction to Sibanye-Stillwater pulling out

  1. 789 Posts.
    lightbulb Created with Sketch. 9
    Yesterday INR dropped around 6% on the news that Sibanye-Stillwater pulled out of the joint venture. But it's pretty clear the market was not surprised by this announcement. Trading volumes show that around 20 million shares were traded on the ASX on the day of the announcement. 20 million shares is around 0.86% of the total number of shares in the market (2,350 million shares). This is a tiny percentage. Greater than 99% of the shares in the market were happy to hold after hearing the news. I see that as a vote of confidence in Ioneer going forward.
 
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
13.5¢
Change
0.015(12.5%)
Mkt cap ! $359.3M
Open High Low Value Volume
12.5¢ 13.5¢ 12.0¢ $963.7K 7.465M

Buyers (Bids)

No. Vol. Price($)
2 640839 13.0¢
 

Sellers (Offers)

Price($) Vol. No.
13.5¢ 1384577 14
View Market Depth
Last trade - 16.10pm 22/07/2025 (20 minute delay) ?
INR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.