It is approximately 1 year since this stock floated and in this time the price has rocketed. This week the price has been hammered pretty bad. Is this a consequence of small holders taking advantage of the 12 month rule and getting a nice return on their initial investment. The state of the general market is so bad that buyers are thin on the ground and anyone who is accumulating is happy to sit back and soak up what is on offer.
The inference is that, in the short term, the share price is not going to increase much?!?! A good time to pick up cheap shares?
how does this sound
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 (20min delay)
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Last
$1.75 |
Change
-0.090(4.89%) |
Mkt cap ! $451.0M | |||
| Open | High | Low | Value | Volume |
| $1.80 | $1.81 | $1.75 | $1.034M | 585.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 8847 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.78 | 1829 | 1 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$1.76 |
Change
-0.090 ( 4.27 %) |
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| Open | High | Low | Volume | ||
| $1.80 | $1.80 | $1.75 | 45086 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| KCN (ASX) Chart |