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.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
A tidy end to the trading week for KAU with the challenged...
Featured News
Add KAU (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.015(9.68%) |
Mkt cap ! $29.07M |
Open | High | Low | Value | Volume |
16.0¢ | 17.0¢ | 16.0¢ | $32.2K | 199.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 67036 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 155184 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 67036 | 0.165 |
3 | 150000 | 0.150 |
2 | 80000 | 0.145 |
2 | 156800 | 0.140 |
1 | 3254 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 155184 | 3 |
0.175 | 3500 | 1 |
0.190 | 144750 | 2 |
0.200 | 34175 | 3 |
0.205 | 200000 | 1 |
Last trade - 14.52pm 28/06/2024 (20 minute delay) ? |
Featured News
KAU (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online