KNI had a market cap of around 12 million (don't remeber exactly, but still around 45 times less than LIS) with a price of 20 cents, today that KNI is 1000% up has a market cap of just under 120 million, still 5 times less than LIS.
so yes when there's hype you can't apply logic rules , we all saw that in many occasions, but having a market cap higher than the main company that did the spinoff it's a bit unrealistic ( still hoping for it though of course!!)
ASX Listing info for Li-S, page-30
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Last
12.5¢ |
Change
-0.010(7.41%) |
Mkt cap ! $80.02M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.5¢ | $1.428K | 10.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84501 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 168754 | 6 |
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| Last trade - 11.58am 18/07/2024 (20 minute delay) ? |
| LIS (ASX) Chart |