In a thinly traded stock like this a buyer wanting to accumulate Ten Million shares when there arn't any desperate sellers wouldn't have much joy sitting in the market at 8.3 cents.IMO
The institutions drove the price down early last year when they were forced to quit. The three million shares sold in the last month leading up to the conversion drove the price down from 10c to 8c
As soon as the cash flow and drilling results start to emerge the buyers who finally awake to what the fundamentals are indicating will have to pay a big price for part of the action.
3c to ???? In under 2 years.
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $108.9M |
Open | High | Low | Value | Volume |
5.6¢ | 5.6¢ | 5.4¢ | $30.50K | 554.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 908138 | 5.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.6¢ | 793830 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 49767 | 0.080 |
2 | 230000 | 0.079 |
2 | 136415 | 0.078 |
1 | 97825 | 0.077 |
2 | 600000 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 137770 | 2 |
0.084 | 288879 | 3 |
0.085 | 2009000 | 2 |
0.089 | 229500 | 1 |
0.090 | 76002 | 3 |
Last trade - 15.34pm 27/11/2024 (20 minute delay) ? |
HGO (ASX) Chart |