Business
ASX stock of the day: iCar Asia (ASX:ICQ) share price explodes on takeover offer – Motley Fool Australia
Here’s why the iCar Asia Ltd (ASX: ICQ) share price is rocketing today. Hint: it has something to do with a takeover proposal.
iCar Asia Ltd(ASX: ICQ) shares are exploding today after the auto platform received an indicative takeover offer. The iCar share price is trading at 43 cents per share at the time of writing, a 34.38% increase from yesterday’s closing price of 32 cents. We are, however, still aways off making a new 52-week high with iCar shares, since the company was trading as high as 48 cents per share earlier in the year (in January to be precise).
The iCar share price has also had an extremely volatile few years,…
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