Accelerate Resources (ASX:AX8) 6-Month Price Index : 0.15 (As of Dec. 12, 2024)

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What is Accelerate Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-12), Accelerate Resources's 6-Month Price Index is 0.15.

Competitive Comparison of Accelerate Resources's 6-Month Price Index

For the Other Industrial Metals & Mining subindustry, Accelerate Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Accelerate Resources (ASX:AX8) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index

Current Share Price

Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Accelerate Resources (ASX:AX8) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Accelerate Resources 6-Month Price Index Related Terms

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Accelerate Resources Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Accelerate Resources Ltd (ASX:AX8) » Definitions » 6-Month Price Index

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Ord Street, Suite 1, Ground Floor, Unit G1, West Perth, Perth, WA, AUS, 6005

Website

https://www.ax8.com.au

Accelerate Resources Ltd is an Australia-based company engaged in the business of investment in the resources sector. It focuses on Manganese, lithium and other minerals exploration. The company's projects include Comet gold project, Pilbara lithium project, Braeside West and Ripon Hills East Manganese Projects and Mt Read Project. The Group has organised its operations into one reportable segment being: Exploration and evaluation assets, which includes assets that are associated with the determination and assessment of the existence of commercial economic reserves.

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