CSE:EPIC - Post Discussion
1CM Inc
> An increase of 1,983.33% in stock value is astounding
Post by
wallvan on Nov 16, 2023 10:50am
An increase of 1,983.33% in stock value is astounding
An increase of 1,983.33% in stock value is nothing short of astounding. Even illegal businesses don't experience such a colossal surge in profits. To put this into perspective, if an investor had bought the stock at its original price of $0.12 and sold it at $2.50, they would have made almost 20 times their initial investment. This enormous growth potential is a clear indication of a thriving market, and it's crucial for investors to keep track of such movements to make informed decisions.
To calculate the percentage increase of this stock, we need to first find the difference between the two prices, which is $2.50 - $0.12 = $2.38. Next, we must divide this difference by the original price of $0.12 and then multiply the result by 100 to convert it into a percentage. Applying this formula, we get a percentage increase of 1,983.33%.
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