you are wrong again.
for the example you used, a 2.8B SOI stock, it maybe not able to hit $1 per share when they release good news, but it may hit $0.01 or $0.02 or $0.05...etc and the starting point maybe from $0.001 or $0.002, it's all depedning on what the s/p was before the jump, so from $0.001 to $0.01+ that is about 1000% gain and if you compare this to G88 back in 2017 it also made +1000%, so this shows that the SOI means nothing when the stock wants to move higher.
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G88
golden mile resources ltd
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9.09%
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1.2¢

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Last
1.2¢ |
Change
0.001(9.09%) |
Mkt cap ! $6.530M |
Open | High | Low | Value | Volume |
1.1¢ | 1.2¢ | 1.1¢ | $3.037K | 255.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3755 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 684215 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3755 | 0.012 |
6 | 624216 | 0.011 |
7 | 3463000 | 0.010 |
4 | 740000 | 0.009 |
2 | 2000000 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 684215 | 2 |
0.014 | 168663 | 1 |
0.015 | 2050000 | 2 |
0.016 | 941005 | 2 |
0.017 | 500000 | 1 |
Last trade - 12.01pm 23/06/2025 (20 minute delay) ? |
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G88 (ASX) Chart |