Interesting question - not sure of the answer, but one guess is profit taking following the late December Santa rally.
Looking at historical prices, I pulled out the daily charts for December/January period over the last 4 years. There's something of a consistent pattern.
Back in January 2017, there was a parabolic rise, but this was the exception. For each year since then, KGN has opened the new year with a pullback:
2016-17 - back when it was under $2
2017-18 - flirting with $7
2018-19 - down to $3-$4 range
2019-20 - exploring $7 and beyond
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Last
$4.54 |
Change
0.050(1.11%) |
Mkt cap ! $456.7M |
Open | High | Low | Value | Volume |
$4.50 | $4.62 | $4.49 | $1.310M | 287.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 399 | $4.54 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.55 | 522 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 399 | 4.540 |
1 | 522 | 4.530 |
6 | 3629 | 4.520 |
2 | 2687 | 4.510 |
7 | 6203 | 4.500 |
Price($) | Vol. | No. |
---|---|---|
4.550 | 522 | 1 |
4.560 | 522 | 1 |
4.570 | 3356 | 3 |
4.580 | 5187 | 3 |
4.590 | 2687 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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KGN (ASX) Chart |