Last week's plunge was massive, but was smaller (in percentage terms) than the plunge of October/November 2018 (the infamous GST trading update).
Back then, the weekly candlesticks fell 46%, from $5.00 to $2.71.
In comparison, last fortnight's candlesticks fell 30%, from $7.94 to $5.60.
That's not to downplay the fallout of last week's price action - it was horrendous, especially considering the record gross profit announcement. It reinforces KGN's reputation of getting caned when it fails to meet expectations.
Back in October/November '18, it took 24 weeks to recover back to $5.00. Will it take that long the second time around?
KGN Charts, page-147
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 (20min delay)
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Last
$4.56 |
Change
0.020(0.44%) |
Mkt cap ! $458.7M | |||
| Open | High | Low | Value | Volume |
| $4.57 | $4.62 | $4.47 | $1.781M | 392.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $4.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.57 | 1096 | 1 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| KGN (ASX) Chart |