The market fall in March 2020 has led to a lot of new investors expecting overnight returns - the 'buy the rumour, sell the news' theme is rampant in speculative communities on Facebook and Reddit. NVX has been heavily pumped on /r/asxbets (Reddit) over the past two months and I expect LKE is now being referenced in those communities too.
If neither company is expressly mentioned on Battery Day (which, given it is Tesla's AGM, seems reasonable), I expect the SP for both NVX and LKE will temporarily retreat. That being said, pending further announcements, I expect our new base will be significantly higher than the 3 - 3.5 cents we have been sitting on over the past 6 months - as Dugsab mentioned, the AFR is one of Australia's premier mainstream financial publications.
Ann: Response to ASX Price Query, page-12
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Last
3.9¢ |
Change
0.001(2.63%) |
Mkt cap ! $65.07M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.8¢ | $29.24K | 752.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 3717852 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 622461 | 6 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LKE (ASX) Chart |