A tidy end to the trading week for KAU with the challenged junior underground gold miner closing 1.5 cents of 11% higher at 15c, a 25% gain after dipping to a week low on Monday of 12c.
KAU was one of a number of listed gold miners that likely were helped by a stronger overnight spot market in New York, which translated into local currency saw the metal trade around AUD$3,591/oz late Friday in Sydney, up $40 on the day.
trading in KAU on Friday was dominated by one trade of 173k shares at 13.5c for $23k, an unusually large transaction for this mining minnow.
This parcel had been sitting in the market for quite some days, getting nibbled at but possibly acting as a block during an accumulation phase for someone. Today, the bluff was called and the blocking offer (if that's what it was) was taken out.
that was reinforced a minute late at 2.41pm with another trade of 79k shares at 14.5c for $11k.
fair to say these two trades, both larger than most transactions, have opened up the market for KAU shares.
someone has landed themselves a decent parcel in a thinly traded stock that could this year or next or sometime be classed as a turnaround.
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $29.64M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.5¢ | $14.93K | 103K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 66749 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 204006 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 66749 | 0.145 |
2 | 152497 | 0.140 |
3 | 67200 | 0.135 |
2 | 350000 | 0.130 |
2 | 51000 | 0.120 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 204006 | 3 |
0.155 | 9380 | 1 |
0.160 | 135000 | 1 |
0.165 | 29800 | 2 |
0.170 | 107345 | 2 |
Last trade - 15.07pm 18/09/2024 (20 minute delay) ? |
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KAU (ASX) Chart |