There is some good news. No confirmation yet. But odds that we may have bottomed or are bottoming at these levels has considerably increased after Friday. Mr Powell was dovish. So general markets may go for a run. REE stocks, which may mirror Li play, could also go for a run. Again, no confirmation. At this stage its hope and odds. Depends on risk taking for a punter.
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So an important week coming up for SUM. What I have written is at macro level. But we need support from macro. So macro is looking good., Now we need SUM to deliver. There are no ifs and buts. Lets hope they can deliver.
For those interested how stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. Please look at my other posts for that
There is some good news. No confirmation yet. But odds that we...
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Last
22.5¢ |
Change
-0.020(8.16%) |
Mkt cap ! $18.46M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.5¢ | 22.5¢ | $117.9K | 508.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 76288 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 3500 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| SUM (ASX) Chart |