Small Australian mining firm sees share price grow 50% as traders on Reddit mistake it for retail giant GameStop – media ...News

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Small Australian mining firm sees share price grow 50% as traders on Reddit mistake it for retail giant GameStop – media
source : Russia Today ( News ) () 26
The stocks of a local mining company from Australia skyrocketed this week because its name on the stock exchange is similar to that of a major US retail chain, reports say. GME Resources is a small nickel and cobalt exploration company in Western Australia. Its shares suddenly jumped more than 50 percent to 12 cents on Thursday, which is their highest level since 2018, the Sydney Morning Herald reported. The paper explained that the sudden surge apparently occurred because the company’s ticker on the stock market is similar to that of GameStop, a US video game and electronics retail giant operating more than 5,000 stores across 10 coun

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