As said, the price is ultimately driven by the portfolio (NTA) performance, IE, the value of the companies owned.
In the meantime, like any share, HM1 price might vary from day to day to be at a premium or discount to their NTA, depending on what mood "Mr Market" is in on the day.
https://www.vintagevalueinvesting.com/mr-market-2/
As said, the price is ultimately driven by the portfolio (NTA)...
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 (20min delay)
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Last
$2.43 |
Change
0.000(0.00%) |
Mkt cap ! $556.4M | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.43 | $2.41 | $714.8K | 295.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 42389 | $2.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.44 | 11988 | 5 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$2.42 |
Change
0.000 ( 0.37 %) |
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| Open | High | Low | Volume | ||
| $2.42 | $2.43 | $2.41 | 42659 | ||
| Last updated 15.58pm 03/05/2024 ? | |||||
| HM1 (ASX) Chart |