Business
Here’s why the GME Resources (ASX:GME) share price is up 36% today
The GME Resources Limited (ASX: GME) share price has rocketed today following the release of a drilling update by the company. At the time of writing, the GME share price is up 35.71% to 5.7 cents per share, giving the company a market capitalisation of around $23 million.
It was an even better story earlier in the trading day as well. The GME share price opened at 7.1 cents this morning and spiked to 8.8 cents at one point. That spike represented a new 52-week high for the company. At that level, GME shares were up almost 70% from last week’s closing price.
What’s driving the GME share price today?
So what’s behind the dramatic surge in the GME share price today? Well, the company released a market announcement to the ASX…
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