That there is very little on the sell side between 5 cents and 7.7 cents. Whilst additional shares will become available as those trading make their target percentage gain or some long terms wish to take some profit, there are no significant selling walls that had to be climbed over like there was at 4 cents and to a lesser extent 4.5 cents.
That if the investor memorandum is reasonably positive, then there could be a fundamental basis for the value to exceed 7.7 cents per share.
HIO Price at posting:
4.8¢ Sentiment: Buy Disclosure: Held
