7,873,370 shares changed hands today, the highest volume day since the 4th of May, when the stock price was 5 cents.
Since that time, GMR has:
> Raised $3.4 million at 2.6 cps (current cash on hand ~$3 million);
> Announced significant new shallow and high grade (11m at 3.4g/t) intercepts last week; and
> Expanded it's current 3000 metre drilling program, with results expected shortly.
GMR has a market capitalisation of $7 million at 1.6 cps. It's cash backing per share is around .7 cps - oh and the 1.4 million ounces of gold is worth about $4 million - or $2.86 per resource ounce.
As a guide, AZM's chart from April this year gives an indication on how much GMR's peers are trading at per resource ounce:
From May to Today
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.822M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $10.75K | 1.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5674712 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 32428 | 1 |
View Market Depth
| Last trade - 15.54pm 03/05/2024 (20 minute delay) ? |
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Last
1.0¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.0¢ | 1.0¢ | 1.0¢ | 337684 | ||
| Last updated 11.42am 03/05/2024 ? | |||||
| AS1 (ASX) Chart |