100% rise is possible on a decent announcement, some juniors will do 130% plus on a good result.
18c to 50c is a 170% gain, so the equivalent would see SUM at $1.35 - $1.40.
Personally 60c - 65c seems more realistic, 20% - 25% is inline with what we've seen in a day/week.
All depends on what is announced and whether it matches/beats the markets expectations.
Last week we saw a really strong buy side with some big fish making an entry, low SOI amplifies any gains.
GLTAH
Ann: High grade Niobium results from Equador - Brazil, page-1361
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Last
18.5¢ |
Change
-0.015(7.50%) |
Mkt cap ! $13.29M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.0¢ | $319.2K | 1.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 105669 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 79927 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| SUM (ASX) Chart |