Yes, it is a bit perplexing.
Possibly the surge may be a bit of a 'pumper dumper'. But part of me suspects that it may be a bit more than that.
At the moment, Global Geoscience reminds me a bit of Galaxy Resources several months ago. Like GXY, Global Geo has a number of impressive assets, and like GXY, Geo is trying to move into the lithium space, but as with GXY last year, the GSC share price has been depressed by some poor decisions made by the management.
Galaxy has rebounded more than 10 fold from its lows last year, perhaps there is a perception Global Geo is headed the same way.
The one thing I would be a bit wary about is the large number of shares outstanding, but then Galaxy has over a billion shares outstanding and that hasn't done anything to stop it shooting through the roof.
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $479.3M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 174370 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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21.0¢ | 56904 | 2 |
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No. | Vol. | Price($) |
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4 | 174370 | 0.200 |
12 | 406237 | 0.195 |
14 | 583206 | 0.190 |
1 | 210810 | 0.185 |
8 | 140762 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 56904 | 2 |
0.215 | 170923 | 3 |
0.220 | 134093 | 4 |
0.225 | 367000 | 2 |
0.230 | 477713 | 5 |
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