I think people don't want to bet on a legal outcome (assuming the company remains funded until then).
How many people are legal experts able to predict the outcome? Even if they expect a positive outcome, it's still a gamble compared to investing in other companies.
I'm ok gambling with the KCN shares that I already have which have little remaining value, but I'm not gambling any more money (which would in effect drive up the share price).
Judging by the share price, quite a lot of people want to avoid the legal process and the gamble, by selling, while barely anybody is wanting to take on that risk.
$34m market cap - pretty low, so if there's any inside info about the NE sale, or if they release any good news to market, maybe somebody will decide to buy.
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I think people don't want to bet on a legal outcome (assuming...
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Last
$1.41 |
Change
0.000(0.00%) |
Mkt cap ! $332.4M |
Open | High | Low | Value | Volume |
$1.40 | $1.44 | $1.40 | $484.1K | 342.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 25250 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.41 | 8280 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 90909 | 0.220 |
2 | 43508 | 0.215 |
6 | 253000 | 0.210 |
4 | 320000 | 0.205 |
8 | 455000 | 0.200 |
Price($) | Vol. | No. |
---|---|---|
0.225 | 7908 | 1 |
0.230 | 128534 | 4 |
0.235 | 213200 | 6 |
0.240 | 95512 | 4 |
0.245 | 18720 | 2 |
Last trade - 12.38pm 04/12/2024 (20 minute delay) ? |
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KCN (ASX) Chart |