IMO, the market is the bearish phase at the moment. It has been a blooth bath for small-cap in the last two weeks, not only HNR. It may be a good time to buy in small-cap stocks at good prices and wait for Jan rally, or hold for now if you fear. Generally, there will be a sale off before Christmas every year. This year, it has been amplified by Omicron and the increase in interest rate, leading to a lot of de-risking and short trading.
The above may last for a few weeks but if your investments are in good hands, the companies sp will still go up in a larger time frame. HNR is still a small co. with a lot of risks, but if you did your DD, believe in it and let the company play out their plan, and the sp will chase after their milestones.
HNR Chart, page-156
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $10.92M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $1.827K | 431.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2418246 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 5550124 | 15 |
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| Last trade - 13.31pm 26/08/2024 (20 minute delay) ? |
| RIL (ASX) Chart |