Business
Why the Sims (ASX:SGM) share price is on watch today
The Sims Ltd (ASX: SGM) share price will be on watch this morning after the company released a trading and forecast earnings update. At last week’s market wrap, the metal recycling company’s shares finished at $15.20.
Let’s take a closer look and see how Sims has been performing.
What could impact the Sims share price?
The Sims share price could be on the move today as investors digest the company’s latest results.
According to this morning’s release, the company’s business units are performing strongly, with some key improvements driving the lift. Highlights include:
- Intake volumes for Q3 FY21 have increased to roughly 95% of FY19’s average monthly volumes, compared to 85% in 1H FY21;
- Progress in gross margin per…
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