HMX 2.63% 3.9¢ hammer metals limited

Ann: 11m at 5% Copper & 2.5g/t Gold near Significant EM Conductor, page-110

  1. 2,381 Posts.
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    One observation on the weekly chart is the long upper wicks around the 10-11c mark over the last three weeks... this indicates the price is being rejected when it starts moving into price discovery mode above 10.5c.

    We know there was a capital raise around this level so there may be some hidden supply we still need to churn through that isn't obvious on the volume profile and is acting as resistance to any sustained rally:

    https://hotcopper.com.au/data/attachments/4173/4173515-e01cec11001a0a33b9f58b1fe8c5fc1b.jpg

    Just need another positive announcement to bring in new buyers and push through this hidden resistance zone!

 
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Last
3.9¢
Change
0.001(2.63%)
Mkt cap ! $34.56M
Open High Low Value Volume
3.8¢ 3.9¢ 3.8¢ $13.48K 346.1K

Buyers (Bids)

No. Vol. Price($)
1 380000 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 231413 5
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Last trade - 12.57pm 16/07/2024 (20 minute delay) ?
HMX (ASX) Chart
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