Kibaran Resources (ASX:KNL) shares have broken out - again.
The stock hit an intra-day high of $0.425, and last traded at $0.41.
Kibaran has doubled in value in just the last week, and compares to its market price of $0.125 in early June, and $0.05 in October last year.
On the 14th July, Kibaran revealed its best intersections to date from the Mahenge Graphite Project in Tanzania.
Reverse circulation drilling delivered 22 metres at 13.4% TGC, including 7 metres at 20.1% TGC; and 39 metres at 11.3% TGC, including 12 metres at 14.5% TGC and 6 metres at 15.5% TGC.
These results could be just the tip of the iceberg considering that the graphite mineralisation is from surface, and remains open at depth and in all directions.
A near-term key catalyst is a resource estimation upgrade which is well underway, with current development studies to be fast tracked to development decision.
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- News: Kibaran Resources shares onward and upward on graphite progress
News: Kibaran Resources shares onward and upward on graphite progress
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Last
9.2¢ |
Change
0.002(2.22%) |
Mkt cap ! $40.40M |
Open | High | Low | Value | Volume |
8.9¢ | 9.2¢ | 8.9¢ | $27.86K | 309.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 74439 | 8.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.2¢ | 39999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 74439 | 0.089 |
5 | 228180 | 0.088 |
2 | 19505 | 0.087 |
3 | 69000 | 0.086 |
1 | 10000 | 0.085 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 39999 | 1 |
0.094 | 50000 | 1 |
0.095 | 60000 | 2 |
0.099 | 58000 | 2 |
0.100 | 235479 | 5 |
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