I am kind of inclined to agree with you Tokyo. I thought it may have stalled at high 80's but the slice through into the 90's has been strong and suggests it certainly wants to test the $1.00 mark.
First up it needs to move beyond $0.93 which, looking at the weekly charts, has been a strong resistance point on a number of occasions in 2012, 2013 and 2014. If it does chug through, $1.20 does seem to be the next stop point on the charts.
I still think though that what we are seeing is the start of a longer term re-rate of the stock. Depending on their use of the cash stockpile and dividend decisions, this stock certainly has potential run into the high $1 mark and possibly even over $2 over the next year or so (particularly if they use the cash pile to develop another leg to their business beyond just KI).
GLTA & DYOR
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I am kind of inclined to agree with you Tokyo. I thought it may...
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M |
Open | High | Low | Value | Volume |
30.0¢ | 30.5¢ | 29.5¢ | $170.6K | 567.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15031 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 211701 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37120 | 0.920 |
3 | 45770 | 0.915 |
3 | 31253 | 0.910 |
3 | 68342 | 0.905 |
2 | 44392 | 0.900 |
Price($) | Vol. | No. |
---|---|---|
0.925 | 15328 | 2 |
0.930 | 89494 | 6 |
0.935 | 70442 | 3 |
0.940 | 72592 | 7 |
0.945 | 128342 | 5 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
MGX (ASX) Chart |