Business
Millionaire maker! Rent.com.au (ASX:RNT) share price now up 300% in a week
The Rent.com.au Ltd (ASX: RNT) share price is at it again. Rent shares are currently up a whopping 42.31% today to 18 cents a share. That kind of gain is pretty impressive in itself.
If you add the company’s stunning 200% share price bump yesterday, things look pretty good for Rent.com.au shareholders. After today’s rise, Rent’s share price gains just this week amount to more than 330%. That means a $10,000 investment just last week would be worth as much as $33,000 today. Not a bad return for 5 days of waiting!
Today’s Rent.com.au share price represents the highest valuation the company has traded at since June 2016. It gives Rent a market capitalisation of more than $63 million.
So what’s going on here?
Bond, rental…
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