Australia's largest stock trading and investment forum Australia's #1 stock forum

AXE

Click for more information

0.00%

48.5¢ archer materials limited

Hi @rambleonI was wondering about inclusion into XTX too.I think...

First 124 Last

Share
Profile

Follow
lj73

123 Posts.

7

09/02/21

22:31

Post #: 50841552
Share

Originally posted by rambleon: ↑

This probably isn't chart related but i will show a image of a chart.
That line at 53 cents is Archer Materials market Cap at $120 million.

What the relevance to that number?

See below requirements for what is required to be included into the ASX XTX (All Technology Index) (which i believe we fit into that category) . From what i can see we are tracking well to be part of this index coming into the next rebalancing in Mid-March.

There are a few funds out there that have a mandate that only investments which are in an a index can be added to a fund. Also they may even be buying the Beta Shares ETF (ticker code ATEC:ASX), so money will find a home into investments like Archer if they are included.

Here is the recent performance of those shares added during the September and December Rebalance.

Average increase of 13%.
As always, DYOR.

Expand

Hi @rambleon
I was wondering about inclusion into XTX too.
I think we are in the wrong GICS Sector to be included. We are classified as Materials.
The bright side of that...the longer it remains unknown the more we can accumulate before the secret gets out.
Cheers
lj73

AXE Price at posting: 78.5¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 88 more messages in this thread...

First 124 Last

Add AXE (ASX) to my watchlist

(20min delay)
Last 48.5¢		Change 0.000(0.00%)		Mkt cap ! $123.6M

Open	High	Low	Value	Volume
47.0¢	50.0¢	46.5¢	$99.72K	204.1K

Buyers (Bids)

No.	Vol.	Price($)
1	10000	48.0¢

Sellers (Offers)

Price($)	Vol.	No.
49.5¢	10000	1

View Market Depth

No.	Vol.	Price($)
1	10000	0.480
3	21914	0.470
1	11000	0.465
1	16304	0.460
1	2190	0.455

Price($)	Vol.	No.
0.495	10000	1
0.510	85470	5
0.515	23000	2
0.520	70936	3
0.525	23168	2

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 48.5¢			Change 0.000 ( 1.04 %)
Open	High		Low	Volume
47.0¢	50.0¢		46.5¢	27960
Last updated 15.51pm 03/05/2024 ?

AXE (ASX) Chart