Hello Shareman,look here is for example a historical chart of Tesla stock:
There, the market cap (correlated with the SP) more than doubled to a market cap of $2.71 billion within a few days over the turn of 2010 to 2011. After that the share price fell again. Now maybe you can manage to research what Tesla's market cap is today.
My point is that BRN's price increase in a matter of days, with a total trading volume of almost all (1.7 billion!) shares in existence, is definitely not entirely due to purchases by retail investors. When large institutions or investors buy in, demand is much more higher. Certainly, some things can be explained with FOMO but you should broaden your horizon and be able to add 1 + 1 together.
By the way, such price patterns can be seen in almost all stocks in the past, when the market capitalization was quite low. It is more likely that large buyers have also recognized the future potential.
You know, the mathematics and the algorithm of the Bible code also work for all other long texts. This was found out later.
Would you tell me what exactly is your point here? Are you trying to discourage us from investing in BRN? Or are you advising caution? If you answer yes to any of these questions, then you don't need to help us with our investment decision, everyone makes do this by their own. If not, I ask for a sincere answer from you why you spend so much time here if you don't plan to invest.
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Last
25.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $491.8M |
Open | High | Low | Value | Volume |
25.5¢ | 27.0¢ | 25.0¢ | $1.300M | 5.030M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
56 | 1333057 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 415819 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
56 | 1333057 | 0.250 |
47 | 1262470 | 0.245 |
63 | 1273722 | 0.240 |
18 | 365714 | 0.235 |
39 | 585217 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 414693 | 16 |
0.260 | 729145 | 24 |
0.265 | 1609418 | 17 |
0.270 | 1308379 | 16 |
0.275 | 1486074 | 15 |
Last trade - 11.50am 22/05/2024 (20 minute delay) ? |
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Last
25.5¢ |
  |
Change
0.000 ( 0.23 %) |
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Open | High | Low | Volume | ||
25.5¢ | 26.5¢ | 25.0¢ | 3049310 | ||
Last updated 12.12pm 22/05/2024 ? |
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