Major shareholder selling has put a little dampener on the price movement over the last month, however big buyers have also appeared over the last week or so! Selling here seems rather unusual as you would only expect this if the share price failed at major resistance levels (ie. around the 13.5c mark)?! All resistance to date has been minor, hence the 20% increase in price over the last month.
Fundamentally, SMO should have kicked up a notch with higher copper and gold prices since before Xmas, and the increased output from their plant. Hopefully everything is on track.
SMO
smc gold limited
Major shareholder selling has put a little dampener on the price...
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