The focus should be on market cap, not share price. You can't use SP as a metric to compare with peers. Telling me company A has a SP of $7 and company B has a SP of $100 means absolutely nothing about value. Every company has a unique number of securities/shares on issue e.g. LYC has 6.5X more shares on issue than ASM. On that note, talking about a crazy SP of $100 for ASM may not actually be that crazy. A SP of $100 would be $14bil MC for ASM. With the KMP nearing fruition + MP2 + MP3 etc + Dubbo + scarcity of RE materials etc, what rank would you slot ASM in the list of miners/resource companies on the ASX? By all means not this year, but may be plausible in the next 2-5 years. Just something to think about for those that see a SP of "$100" as absurd, especially when the SOI is miniscule.
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Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $92.47M |
Open | High | Low | Value | Volume |
51.0¢ | 52.0¢ | 50.5¢ | $50.81K | 98.86K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 65304 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 1434 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 94227 | 0.505 |
21 | 192397 | 0.500 |
3 | 74552 | 0.495 |
5 | 37903 | 0.490 |
3 | 21272 | 0.485 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 53274 | 4 |
0.520 | 89665 | 5 |
0.525 | 3236 | 3 |
0.530 | 18622 | 4 |
0.535 | 18689 | 1 |
Last trade - 14.41pm 18/11/2024 (20 minute delay) ? |
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