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SBM continues lower as ‘Safe Haven’ gold falls and price triggered the Stop Loss level at 2.60 so the alert is now closed. Worth taking note that there is a lack of buying interest across the board which does not bear well for a rally in the ASX200.
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Alert History
Previous Buy Entry Alert 21/02/20
Price fell back down to the Buy Entry Level on SBM at 2.88 so the alert is now active. The Stop Loss is at 2.60 and the current price is trading at 2.89. We expect a run up into the close as Gold continues top rally.
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Original Buy Entry Alert 20/02/20
New Buy Entry Alert SBM
Time Frame : Daily/Weekly
Sector : Materials/Basic Materials
Key Stats : $1.93 Billion Market Cap, VWAP 2.83, ASX Ranking 176, 4 Week Av Turnover $12,245,166, Current Turnover Intraday $9,179,967 (11:21am AEDT) PE 10.2, Div Yield 1.45%.
Company Overview : St Barbara Limited (SBM) is an Australian based, ASX listed gold producing and exploring company that deals in the mining and sale of gold, mineral exploration and development. St Barbara’s assets include the Leonora Operations in Western Australia, the Simberi Operations in Papua New Guinea, and the Atlantic Gold Operations in Nova Scotia, Canada.
Broker Consensus : BUY
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SBM – St Barbara Limited
SBM ia holding the lows and showing signs that buyers are interested in a push to new highs. We expect to see price continue to benefit from global uncertainty and a rally in Gold. We are now happy to buy at 2.88 (around the current Market Price) with a Stop Loss at 2.60.
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Stock Code : – SBM – St Barbara Limited
Company Website : www.stbarbara.com.au
Current Price : 2.88
New Potential Buy Entry (Trigger Level) : 2.88
Potential Sell Exit Zone (Stop Loss/Cancel Level) : 2.60
Status : On watch for Buy Entry Trigger
