Hi @FullMoonFever,
Happy New Year.
Recently I find an seasonal stock called RSG. Its sp in August 2019 started to adjust 40%+ due to a mining equipment problem as it lost time in the production of gold. Recently, it issues a report that the equipment problem has been addressed and the gold price starts to run very hot. The company also make use of the opportunity to forward sell the gold production. It also acquires an African gold mine at a lower gold price time in cash and equity. Despite it increases the overall gold reserve, it also increase the production of gold in some mines by mining automations round the clock.
From these news and the chart actions, do you see any opportunity of improving the current share price. Thank you for your assessment.
SM
RSG Chart
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Last
75.5¢ |
Change
-0.005(0.66%) |
Mkt cap ! $1.607B | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.0¢ | 74.3¢ | $2.533M | 3.355M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 171383 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 76.0¢ | 326028 | 21 |
View Market Depth
| Last trade - 11.44am 27/09/2024 (20 minute delay) ? |
| RSG (ASX) Chart |