I’m trying to understand how the stock market works and what drives prices up and down.
i would love someone to give an explanation as to why HIO has dropped as much as it has.
From what I can see there has been no capital raising since the May ATH of $1.08 so there no dilution.
Is the drop just macroeconomics(covid, inflation, Ukraine) and nothing investors should be worried about?
Or is this significant drop due to the internals within HIO?
All time high $1.08 drop to 32 cents
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 (20min delay)
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Last
3.2¢ |
Change
0.002(6.67%) |
Mkt cap ! $31.31M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.2¢ | 3.1¢ | $38.59K | 1.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 3127885 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 754465 | 5 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 3.1¢ | 3.1¢ | 3.0¢ | 605333 | ||
| Last updated 15.47pm 16/05/2024 ? | |||||
| HIO (ASX) Chart |