It appears Adriatic need a market cap of around $1.6B to be included in the ASX200.
The significance of this is that the ASX200 is the most popular ASX index for large investors into the Australian market. Vanguard's ETF currently $15B, BlackRock $5B.
Entry into the ASX would require approx. $7 share price, which when included into the ASX200 would propel its share price further through automatic index investing.
Strong precious metals prices, increasing production at/above expectations and contained production costs could get ADT to $7, while ASX Index ETF buying could push ADT closer to $10.
Let's see how this plays out.
ADT ASX200 Inclusion
Add ADT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.78 |
Change
-0.155(3.94%) |
Mkt cap ! $1.055B | |||
| Open | High | Low | Value | Volume |
| $3.90 | $3.90 | $3.76 | $1.474M | 387.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1875 | $3.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.78 | 1286 | 8 |
View Market Depth
| Last trade - 12.55pm 05/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$3.77 |
Change
-0.155 ( 4.54 %) |
||||
| Open | High | Low | Volume | ||
| $3.86 | $3.87 | $3.76 | 69025 | ||
| Last updated 13.07pm 05/06/2024 ? | |||||
| ADT (ASX) Chart |