SRL 6.59% 42.5¢ sunrise energy metals limited

potential long trade

  1. 18,816 Posts.
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    I liked the support this was getting around 130 in recent days and it sure is trading at a discount to the assets, so I am in on the close for a ST rebound having been thwarted at prior entry attempts.

    Fully 13.3% of issue has traded over the last 20 at around 131 avg. VST high volume trading band has been between 127 and 133 with an attempted break above that today. So the close is sitting right near the top of the ST band within easy reach of breakout.

    Needs to clear ST high volume band at 142 for a longer run to the mid 150's, the bottom of prior MT support.

    This has also be a huge under-performer when compared to the ASX and cash backing implies little downside. god knows what the recent note issue was about, it didn't make sense to me.

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Last
42.5¢
Change
-0.030(6.59%)
Mkt cap ! $38.34M
Open High Low Value Volume
43.0¢ 46.0¢ 42.5¢ $12.59K 28.67K

Buyers (Bids)

No. Vol. Price($)
1 997 42.5¢
 

Sellers (Offers)

Price($) Vol. No.
44.0¢ 85 1
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
SRL (ASX) Chart
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