SXG 1.60% $2.54 southern cross gold ltd

SXG.AX and MAW.TO - what does the future bring?, page-9

  1. 5,711 Posts.
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    SXG is now churning through the old resistance/shareholders - it's been here twice before. Third time lucky. (2Yr daily chart)

    https://hotcopper.com.au/data/attachments/5586/5586617-e1e72e09884071b21ecdd00e517761a8.jpg

    SXG 2 year (weekly) chart compared with MAW 5 Year (weekly) below. So MAW are making higher highs (over the last 2 year interval) even though they have reduced from 60% to 51% SXG ownership. Whereas SXG have the resistance of the old highs to overcome.

    At current prices SXG Cap A150m est for 100%, MAW Cap A110m est equivalent for 51%.

    Feels a bit like a cork in a champagne bottle scenario.

    https://hotcopper.com.au/data/attachments/5586/5586622-9af6c8522446e9c8640b45190a2a27f3.jpg
    https://hotcopper.com.au/data/attachments/5586/5586624-36e64774f61768d4058e6bc1a05e255b.jpg

 
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Last
$2.54
Change
0.040(1.60%)
Mkt cap ! $497.0M
Open High Low Value Volume
$2.54 $2.58 $2.50 $179.1K 70.48K

Buyers (Bids)

No. Vol. Price($)
2 5289 $2.51
 

Sellers (Offers)

Price($) Vol. No.
$2.56 4865 2
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Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
SXG (ASX) Chart
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