I am following Gold and am confused about the market cap of YRL.
As far as I can see in the YRL announcements, the assay results are amazing in terms of the grade and size while the drillings are not even deep yet.
However, when I compare the market cap ($41M) with the other similar gold stocks (for example GMD with MC of $130M which is not as good as YRL in terms of assay results but a bit more mature or ARV with the MC of $81M which is not even close to YRL in terms of assay results), the YRL market cap is significantly low.
Wondering if someone could provide some background.
Why YRL has very low Market Cap
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $37.49M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 12.0¢ | $9.611K | 71.52K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 129303 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 78410 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| YRL (ASX) Chart |