Shares of a gold, zinc, copper... mining company increased nearly 3 times in 1 month

(NLDO)- This company confirmed that its operations are still normal and there are no special fluctuations.

TKV Minerals Corporation (Vimico, stock code: KSV) recently sent a document to the Hanoi Stock Exchange explaining why its shares hit the ceiling for 5 consecutive sessions from December 20 and from December 23 to December 26.

Specifically, this stock has jumped from VND81,000 to VND130,300/share, an increase of nearly 61%.

According to Vimico, the company's stock price has increased positively recently due to the general market situation. The fact that KSV's price has increased to the ceiling for 5 consecutive sessions is due to the supply and demand of the stock market, the decision to buy and sell shares is decided by investors beyond the control of the company.

"Currently, the corporation's operations are still normal and there are no special fluctuations," Vimico emphasized.

According to records, after 5 sessions of purple ceiling, KSV on December 27 continued to increase to 132,000 VND/share - the highest price since listing, up 180% compared to the beginning of December and up 344% compared to the beginning of 2024.

KSV stock surged then plummeted Source: Fireant

However, after the explanation, this stock hit the floor, down nearly 10%, to 118,800 VND/share. Opening the trading session on December 31, KSV continued to drop to 107,000 VND/share (down nearly 10%), with no buyers.

The strong increase in KSV stock price occurred in the context of the company achieving outstanding business results in the first 9 months of 2024.

Specifically, in the third quarter of 2024, Vimico achieved revenue of VND 3,031 billion, down 9% compared to the same period last year. However, thanks to cost reduction, Vimico achieved after-tax profit of VND 239 billion, 6.6 times higher than the same period in 2023.

In the first 9 months of the year, the company recorded VND9,615 billion in net revenue, an increase of 8% over the same period last year, and after-tax profit of VND788 billion, 6 times higher than the same period.

According to Vimico's explanation of the third quarter 2024 business results, the sharp increase in the corporation's total profit was due to the increase in the parent company's profit, resulting from the increase in the average selling price of main products compared to the same period in 2023, especially the price of gold.

Vimico, formerly known as Vietnam Minerals Corporation, was established in 2005. The company operates mainly in the field of mineral exploitation, such as rare earth, gold, silver, zinc, copper, aluminum...

Source: https://nld.com.vn/co-phieu-mot-cong-ty-khai-thac-vang-kem-dong-tang-gan-3-lan-trong-1-thang-196241231092826754.htm