With SGC at 2.9 cent and XST at 0.5 cent the market caps are almost the same but the assets that they own are not .
Usually the Operator of the assets is expected to trade at a premium after taking into account joint venture percentages and assets and cash outside the joint venture .
Compare ADN / MEP or STX / WGO .
This is not the case with SGC and XST .
I am not sure what is the reason but it won't stay that way for ever.
Maybe the quarterlies will unravel it.
With SGC at 2.9 cent and XST at 0.5 cent the market caps are...
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 (20min delay)
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.458M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $3.848K | 549.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1738707 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 628059 | 2 |
View Market Depth
| Last trade - 11.24am 08/05/2024 (20 minute delay) ? |
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Last
0.6¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 0.7¢ | 0.7¢ | 0.6¢ | 393900 | ||
| Last updated 11.38am 08/05/2024 ? | |||||
| SGC (ASX) Chart |