Here's a very (oversimplified) simple real life ASX comparative example:
- Another stock I own is A4N (great company, do your own research).
- 2 days ago the federal government awarded them a $45m grant towards a factory they are building (of which they will keep $40m and a partner company gets $5m)
- On the day of the announcement they went up from 49.5c to about 58c, then today they jumped again to 62.5c
- They are a $450-500m market cap company
Now, I understand that a federal grant is a little more direct than a (potential) legal win... BUT:
- 25% increase in two days for a company where the grant is approximately 1/11th of the market cap
- What increase in two days should we expect for AAU where the (potential) legal win is approximately 1.5x the market cap?
Well, day 1 we increased by 2.7%. What will day 2 bring?
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.979M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $67.32K | 11.20M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 19421912 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 643724 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 16336198 | 0.005 |
19 | 11672497 | 0.004 |
8 | 12005000 | 0.003 |
5 | 6700000 | 0.002 |
4 | 5800000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 643724 | 3 |
0.007 | 7279633 | 11 |
0.008 | 3941769 | 7 |
0.009 | 1339456 | 5 |
0.010 | 1783462 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
0.6¢ |
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Change
0.000 ( 0.00 %) |
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Open | High | Low | Volume | ||
0.6¢ | 0.7¢ | 0.6¢ | 6267298 | ||
Last updated 15.14pm 14/06/2024 ? |
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AAU (ASX) Chart |