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?
Here's a very (oversimplified) simple real life ASX comparative...
Add AAU (ASX) to my watchlist
 (20min delay)
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.976M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $36.26K | 6.006M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1040160 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 6612331 | 10 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
0.7¢ |
Change
0.000 ( 7.69 %) |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.6¢ | 4373302 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| AAU (ASX) Chart |