SYA 0.00% 3.1¢ sayona mining limited

For the uninformed like me what exactly happens when a "re-rate"...

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    For the uninformed like me what exactly happens when a "re-rate" happens and who declares it?

    I assume a re rate to a higher stock price doesn't automatically convert the stock price to that level in one go? Is it just sentiment and outlook change and a slow gradual up stick over time?

    Thanks in advance.
 
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