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NewMarket Corporation was founded in 1887 as the Albemarle Paper Manufacturing Company. [19] In 1964, Albemarle Paper Manufacturing Company acquired Ethyl Corporation, [ 20 ] a company started in 1924 by Charles Kettering following the development of Tetraethyllead , an anti-knocking agent for gasoline engines in passenger vehicles.
Later that year, the company acquired Vancouver-based Newmarket Gold Inc., which owned the Cosmo mine in the Northern Territory and the Fosterville and Stawell Gold Mines in Victoria, Australia, for $1.01-billion in stock. [9] Kirkland Lake Gold listed stocks on the Australian Securities Exchange effective November 30, 2017. [10]
A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
Founded in 1923, [4] [5] Ethyl Corp was formed by General Motors and Standard Oil of New Jersey ().General Motors had the "use patent" for tetraethyllead (TEL) as an antiknock, based on the work of Thomas Midgley Jr., Charles Kettering, and later Charles Allen Thomas, [6]: 340–41 and Esso had the patent for the manufacture of TEL.
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Rising share prices, for instance, tend to be associated with increased business investment and vice versa. Share prices also affect the wealth of households and their consumption. Therefore, central banks tend to keep an eye on the control and behavior of the stock market and, in general, on the smooth operation of financial system functions.
The current mine was established by Newmarket Gold. Newmarket was taken over by Kirkland Lake Gold in 2016, and in turn that merged with Agnico Eagle Mines Limited in 2022. Gold was first discovered in the Fosterville area in 1894 and mined from then until 1903.
ASPI measures the movement of share prices of all listed companies. It is based on market capitalisation. Weighting of shares is conducted in proportion to the issued ordinary capital of the listed companies, valued at current market price (i.e. market capitalisation). The base year is 1985, and the base value of the index is 100.