As far as I can see, this is the largest volume in the stock EVER, which is a very positive sign. Notwithstanding this, the dollar volume was only about $800K, which is not alot. This would lead me to conclude that this was only the first day of a multi-day upward move in KSX.
The close, on record volume, above 6.2 (which was the recent high on 10 Aug. when it closed at 5.9) should mean a pretty quick move to the 8c level.
Fundamentally, at 8c this stock would IMHO still be VERY cheap.
KSX Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held