Australia Stock Alert
CLOSING UPDATE: Ikwezi Mining hits 52-week low second time in two months January 16, 2018 16:00:00 AEST
NEWS BITES - AUSTRALIA
This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Ikwezi Mining, Australia's 142nd largest energy company by market capitalisation, hit a 52-week low of 0.30c today for the second time in the past two months and last traded at 0.30c. Trading volume was 22% of average at the end of the day. Compared with the All Ordinaries Index which fell 21.8 points (or 0.3%) in the day, this represented a relative price change of -24.6%.
Technical indicators complementing today's significant downtrend:
+ In the Australian market, the stock's relative price strength percentile is slipping at 9 for 6 months, 2 for 3 months and 1 for 1 month.
+ In the last three months the stock has hit a new 52-week low twice.
Afternoon Alert: Ikwezi Mining hits 52-week low second time in two months
January 16, 2018 13:00:00 AEST
Ikwezi Mining Limited (ASX:IKW) hit a 52-week low of 0.30c today for the second time in the past two months and last traded at 0.30c.
Ikwezi Mining Limited (AU:IKW; ASX:IKW; AX:IKW)