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
100% rise is possible on a decent announcement, some juniors...
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Last
27.5¢ |
Change
0.015(5.77%) |
Mkt cap ! $22.57M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 24.5¢ | $479.6K | 1.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11025 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 41878 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| SUM (ASX) Chart |