Business
AXI) shares spike on sale news // Motley Fool Australia
The Axiom Properties Ltd (ASX: AXI) share price has spiked today, climbing as high as 14 cents a share in early morning trading.
Axiom shares closed at 6 cents a share yesterday, but opened at 7.4 cents this morning before surging up to 14 cents soon after open (a new 52-week high for the company). Axiom is trading at 6.7 cents a share at the time of writing, a 13.56% rise. This move will no doubt be welcomed by shareholders who have, until today, had to watch the Axiom share price fluctuate between 3 and 6 cents a share over the past 5 years. The stock is now up 70% since 21 August on today’s prices.
So what is Axiom? And why did this company have such a dramatic spike in value today (which incidentally saw its market capitalisation…
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