KCN has outperfomed based on what grounds?
The 2020 Financial report showed a pre-tax loss for the Group before significant items of $24.2million and they have 2 mines that are not making any income.
So the price increase of KCN in my opionion was based on pure speculation that the TAFTA result would come in, traders got involved and pushed up the share price.
Based on your chart, KCN looks like it's heading back down to meet the other 3 companies you have mentioned when their share price was trading on a similar pattern in July.
If that's the case, the Bell Direct technical analysis I posted could be right on the money as to where the KCN share price could be heading.
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Last
$1.22 |
Change
0.060(5.17%) |
Mkt cap ! $314.4M |
Open | High | Low | Value | Volume |
$1.18 | $1.23 | $1.18 | $887.0K | 733.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 19981 | $1.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.22 | 1300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 19981 | 1.210 |
1 | 3888 | 1.205 |
2 | 12888 | 1.200 |
1 | 3358 | 1.190 |
1 | 20000 | 1.170 |
Price($) | Vol. | No. |
---|---|---|
1.220 | 298 | 1 |
1.225 | 8784 | 1 |
1.230 | 3888 | 1 |
1.235 | 20082 | 2 |
1.240 | 45881 | 4 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
$1.22 |
  |
Change
0.060 ( 5.37 %) |
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Open | High | Low | Volume | ||
$1.18 | $1.23 | $1.18 | 80533 | ||
Last updated 15.59pm 28/03/2024 ? |
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KCN (ASX) Chart |
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