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Investment Performance Case Study
Kuniko Ltd
Welcome to the Investment Performance Case Study of Kuniko Ltd, which follows our clients' journeys of investing in Kuniko Ltd between 24th Aug, 2021 and 15th Sep, 2021, during which the recorded share price produced a gain of 370%.
ASX:KNI
Introduction
Kuniko is a spin-off from Vulcan Energy Resources, focusing on the development of copper, nickel, and cobalt projects in Scandinavia.
The Kuniko Ltd Investment Case
Kuniko is a mineral exploration and development company focused on battery and energy-transition materials. Its portfolio has been positioned around commodities considered important to electrification and the development of lower-carbon technologies.
The Transaction
Kuniko commenced trading on the Australian Securities Exchange on 24 August 2021 following an IPO at A$0.20 per share.
Investment Outcome
The study records an outcome price of A$0.94 by 15 September 2021. Against the A$0.20 entry price, this represents an increase of approximately 370% within the study period and reflects the strong speculative interest that surrounded battery-material and energy-transition resource companies at the time.
- Event: Initial Public Offering
- Exchange: Australian Securities Exchange
- Study Period: 24 August 2021 – 15 September 2021
- Entry Price: A$0.20
- Outcome Price: A$0.94
Case Overview
| Company Name : | Kuniko Ltd |
|---|---|
| Sector : | Mining |
| Event Type : | IPO |
| Buy Advice : | 2021-08-24 |
| Sell Advice : | 2021-09-15 |
| Buy Price : | 0.20 (AUD) |
| Sell Price : | 0.94 (AUD) |
| Profit(%) : | 370% |
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