Advertisement

Winners and Losers: High score for Mighty Kingdom

The Adelaide video game company added nearly $2 million to its valuation this week.

Jul 17, 2023, updated Jul 17, 2023
Photo: Mighty Kingdom.

Photo: Mighty Kingdom.

All but three of the companies that InDaily monitors for Winners and Losers gained this week, with just Cooper Energy, Aerometrex and Silk Laser dropping in value.

Aerometrex was the hardest hit of the lot, with its shares price falling by 10 per cent. Cooper Energy also suffered a slight fall, while Silk Laser’s dip barely registered.

Australian Vintage and Mayne Pharma were steady, with the remainder making gains and mostly outperforming the S&P 200 which nudged up by 0.78 per cent last week.

The biggest winner this week was Mighty Kingdom, soaring by 37.50 per cent as of Friday 14 July, adding nearly $2 million to its market capitalisation. The company is still the lowest valued of the lot however, with shares trading at just $0.022 per share and a market capitalisation of $7.18 million.

Last week’s biggest winner, Maggie Beer, kept pace and landed in the second spot this week, while energy companies Beach Energy, BHP and Renascor rounded out the five.

Take a look at the top five South Australian winners (and the top three losers) for the week ending 14 July:

InDaily in your inbox. The best local news every workday at lunch time.
By signing up, you agree to our User Agreement andPrivacy Policy & Cookie Statement. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

 

 

Local News Matters
Advertisement
Copyright © 2024 InDaily.
All rights reserved.