Pump and Dump??? KGN is way beyond that. It is a well managed Company expanding its customer base and product range at a cracking pace in an area of the economy that is hot anyway. It also has very low debt.
Only thing to remember is that it is trading at a VERY high P/E ratio compared to the market (up around 170 as compared to 14 for the sector and 16 for the market) so it is still vulnerable to swings in market sentiment. Say for instance if one of the big brokers said it was very overvalued the price could still take a tumble.
I am not in KGN at the moment, but am treating it as a volatile stock to be traded quickly when I have time to keep an eye on it.
Wish I had got in first thing this morning.
Having said that...
I have said "Wish I got is first thing this morning for a few mornings in a row.
So if you are in lucky you, but take some profits is what I would be doing.
Pump and Dump??? KGN is way beyond that. It is a well managed...
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Last
$4.18 |
Change
-0.025(0.60%) |
Mkt cap ! $423.4M | |||
| Open | High | Low | Value | Volume |
| $4.17 | $4.22 | $4.16 | $1.236M | 295.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 19188 | $4.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.18 | 5974 | 12 |
View Market Depth
| Last trade - 11.46am 26/06/2024 (20 minute delay) ? |
| KGN (ASX) Chart |