Today's volume is the highest one day volume we have had, with the exception of that one day last June when it went over 12m (which I seem to recall had something to do with the manipulators losing control that day?). The turnover today is due to existing shareholders getting spooked about the credit raise and of course the share price is down at the credit raise price ($1.50). Of greater interest to me is what happens this Friday 31st March when the shares issued under the placement are actually allowed to trade. I'm not expecting the share price to stay around the $1.50 level for long.
Ann: Kingsgate completes $46M institutional placement, page-62
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Last
$1.56 |
Change
-0.025(1.58%) |
Mkt cap ! $400.8M | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.58 | $1.53 | $673.0K | 433.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2463 | $1.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2590 | 1 |
View Market Depth
| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| KCN (ASX) Chart |