this is institutional buying buddy, i doubt it goes back to 3.20 ever
because it wont be long before KGN is added to the ASX300 - due to increased market cap and liquidity - instos and funds are pretty much forced to buy.. this will push the price and value of the company to beyond cheap, probably towards being expensive..
A perfect example of this is BWX in 2016, after floating funds were forced to buy as their earnings + market cap grew so it pushed the share price up to $5.60 before forming a base at $4.00...
All im saying is dont be surprised if this thing goes to $5 or even $6 in a few months
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Last
$5.15 |
Change
-0.060(1.15%) |
Mkt cap ! $519.8M | |||
| Open | High | Low | Value | Volume |
| $5.23 | $5.23 | $5.09 | $2.249M | 438.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4357 | $5.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.16 | 6000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| KGN (ASX) Chart |