Quote:
Originally Posted by Peanut
The stock is up 550% today because they acquired one (extremely large) gemstone for $10-30M less than it’s been appraised at previously?  What am I missing? |
Market Cap was ~$5 million, so with an asset worth 20-30 million more than they paid for it the market cap is ~$24 million at the current share price. So yes that is what is causing the massive movement. This is a very small corp.