ASX asking questions after Kaili Resources surge

Kaili Resources the talk of the market after 8650pc surge

Analysts and fundies questioned the veracity of Kaili’s response as the extreme volatility left investors scratching their heads.

ASX asking questions after Kaili Resources surge

The rare earths play finished 2900 per cent higher at $1.04 after hitting $3.18 in a storming run that catapulted its market worth from $6 million at the start of the day to as high as $462m.

'Meme stock' surge: Kaili Resources blows ASX away with +8,650% explosion

A bit of a confusing one to start Week 34 on the ASX: Microcap Kaili Resources (ASX:KLR) has become the talk of the Oz bourse after popping as much as +8,650% on Monday, going from 4.1cps to $1.08 in one arvo. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The mindboggling leap did, of course, result in a speeding ticket for the Yitai Coal-…

Lunch Wrap: ASX claws back from shaky open, Kaili surges 300pc on drilling approval

ASX shrugs off a wobbly open NAB rallies on margins; BlueScope bleeds Kaili surges 3x after securing approval to start rare earth drilling   The ASX kicked off Monday with a stumble, down 0.6% at the open. But by lunchtime in the east coast, it had dusted itself off and crawled back, now down only 0.05%. Wall Street’s Friday performance didn’t exactly set the mood, with the S&P and Nasdaq trimming a little fat off their peaks. But back home, a f…