The market works in funny ways.
I have AUC options (from last year luckily) and PXG (Phoenix Gold) options. When you look at both companies you'd think that given their situations their market cap's could be reversed. PXG has 1.4 million gold JORC and is $13.3 million with just as much upside and AUC has a market cap 10 times. AUC that have great tenements but nothing JORC compliant. AUC has a slightly tighter share register which allows the liquidity to somewhat dictate price.
The mind boggles with these valuations sometimes however you just have to go with the flow.
DYOR
why does this sp look say 50% overpriced?, page-9
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Last
43.0¢ |
Change
-0.020(4.44%) |
Mkt cap ! $153.2M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 46.0¢ | 43.0¢ | $89.96K | 202.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 46666 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| AUC (ASX) Chart |
