Southern Palladium Ltd. ( (AU:SPD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Southern Palladium Ltd.’s stock is on the rise following a presentation by Executive Chairman Roger Baxter at the Sydney Mining Club. The presentation unveiled the company’s mine development strategy for the Bengwenyama PGM project, which is valued at an impressive US$857 million according to a recent Optimised Pre-Feasibility Study. This significant potential in the PGM sector has generated positive market sentiment and a technical signal to buy.
More about Southern Palladium Ltd.
YTD Price Performance: 75.00%
Average Trading Volume: 83,955
Technical Sentiment Signal: Buy
Current Market Cap: A$127.8M
For further insights into SPD stock on TipRanks’ Stock Analysis page.
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