Shorter term mas crossed earlier this month Parky123, which is a bullish sign. SBR sp now above the 200 day sma but slightly below the 200day ema. Still watching the 50 day, this has not crossed through the 200 day yet.
Price action, various reasons I'd imagine. 1. Kaskara drilling news, sp building in anticipation. 2. Supply a bit low on the sell side. 3. Punters using $ elsewhere in recent stockmarket rises, now returning to SBR. 4. 8,450,000 unquoted options expiring 30th Nov 25c exercise price. If these were to be exercised it would add usefull $ to SBR coffers.
I'll take the Sergeant Schultz view.
SBR Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
