I agree with your analysis Zog, but I think the reason SLX is fluctuating with the uranium price is due to its inclusion in a number of nuclear-related ETFs. I've read elsewhere that ETFs account for around 50% of the US market. So they dominate the trading and when the uranium price goes down, or investors just want to sell out of nuclear-related stocks, it drags the SLX price with it. As scaggs notes, we need significant news for value investors to buy SLX exclusively and re-rate the stock. ETF trading may then amplify on the upside as they rebalance their holdings.
Share price, page-1080
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Last
$4.05 |
Change
0.000(0.00%) |
Mkt cap ! $959.3M | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.07 | $3.96 | $1.316M | 328.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 278 | $4.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.06 | 2459 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SLX (ASX) Chart |