Today the 75¢-80¢ technical support was convincingly broken. KZL continues its depressing decline. One supposes 60¢ will serve as a limit as there are few technical resistance levels otherwise.
Not long ago Morningstar issued a Fair Value for Kalgara of $1.00, I wonder if that has changed? The NTA also was $1.25.
Allotment of new shares under the Institutional EO ends next Thursday, and Retail EO July 10. There's typically a general market rally at the start of July so here's hoping...
KZL Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
