Hi All,
I've been following KGN for a few months. It seems to follow Dow Jones index closely. However in the last 5 trading sessions, the Dow index has gone up every day, yet KGN has dropped nearly every day during the last 5 sessions. Furthermore, I realised in the past, it has dropped suddenly but yet in the course of the day, it will still spike up high and so for traders it can be a sign for taking profits. But this did not happen in the last 5 trading sessions.
Furthermore, normally, the spread between buy and sell could be a few cents with small buy and sell volume before the last 5 sessions. However, in the last couple of days, the spread is 0.01 cent with lots of sellers at each level. Something has changed dramatically in the last 5 sessions but I don't know what causes it since there are no announcements apart from today. Today's announcement I thought was positive for KGN as Blackrock has accumulated 5% of KGN, yet the shares opened 0.02 below yesterday's price and continued to drift lower throughout the day. Does anyone have a good explanation of what is happening to KGN during the last 5 sessions and what their views are on the direction of the share prices in the next week?
Disappointed,
Isdhope
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KGN
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2.13%
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$3.67

What is happening to KGN's share prices in the last week?
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Last
$3.67 |
Change
-0.080(2.13%) |
Mkt cap ! $365.6M |
Open | High | Low | Value | Volume |
$3.74 | $3.74 | $3.66 | $2.846M | 772.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 25463 | $3.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.68 | 1698 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 25463 | 3.660 |
33 | 62981 | 3.650 |
5 | 34473 | 3.640 |
7 | 11160 | 3.630 |
2 | 5700 | 3.620 |
Price($) | Vol. | No. |
---|---|---|
3.680 | 168 | 1 |
3.690 | 3000 | 1 |
3.700 | 2500 | 1 |
3.740 | 820 | 1 |
3.750 | 4750 | 1 |
Last trade - 16.18pm 17/09/2025 (20 minute delay) ? |
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KGN (ASX) Chart |