Not really, Cerro Matoso is the only S32 asset that is making a loss and they were planning to cut production and staff this month or next month anyway so it's a preemptive action by the employees.
There has been a big sell off in commodity stocks these few weeks so I suspect this is the major reason for the share price dropping 15%. If this continues, they question is will traders invest in commodity stock with good balance sheet or will these stock follow the downturn in share prices?
South32, trading rang, page-3
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Last
$3.68 |
Change
-0.060(1.60%) |
Mkt cap ! $16.66B |
Open | High | Low | Value | Volume |
$3.64 | $3.70 | $3.63 | $46.35M | 12.65M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 16139 | $3.67 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.69 | 45098 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13819 | 3.670 |
2 | 503819 | 3.660 |
2 | 13973 | 3.650 |
5 | 17719 | 3.640 |
2 | 14120 | 3.630 |
Price($) | Vol. | No. |
---|---|---|
3.690 | 41836 | 4 |
3.700 | 50458 | 9 |
3.710 | 13819 | 1 |
3.720 | 16819 | 2 |
3.730 | 38819 | 2 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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S32 (ASX) Chart |