Share price is meaningless. Market cap means everything. At present this company is priced accordingly. When JORC is announced it will become more valuable to the market as it will have a market compliant defined resource not a speculative resource as it is at the moment.Therefore market cap will rise and so will share price accordingly.How much market cap will be is anyone's guess, the market will decide how much JORC is worth.
jorc, page-65
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Last
10.5¢ |
Change
-0.010(8.70%) |
Mkt cap ! $334.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 10.5¢ | $495.0K | 4.542M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 5558849 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 320251 | 11 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |