The problem is that HGO is considered a small mining company and there is not a lot of investors chasing and holding onto the stock. ie Liquidity.
If a major stakeholder drops a large parcel of shares onto the HGO market - the floor just goes. There really is not enough support.
You've got to wait for sizable players to take an interest in HGO - ie bigtime investors who buy and hold the stock for at least 1 year. And don't simply have an opportunistic speculative mentality and sell it the next moment the share price runs up on a whim.
You also have the problem of geography. HGO's mine is far south - its a bit more harder to ferry the copper from Adelaide to up north, ie China - where most of our stuff is going.
But we'll see shall we? I'm getting a drink.
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copper us$3.35/lb, page-7
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Last
7.1¢ |
Change
-0.001(1.39%) |
Mkt cap ! $148.7M |
Open | High | Low | Value | Volume |
7.3¢ | 7.3¢ | 7.1¢ | $159.0K | 2.221M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 156904 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.3¢ | 789490 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 156904 | 0.071 |
13 | 748343 | 0.070 |
4 | 588840 | 0.069 |
2 | 85000 | 0.068 |
4 | 390000 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.073 | 789490 | 5 |
0.074 | 404179 | 2 |
0.075 | 767587 | 5 |
0.076 | 1408 | 1 |
0.077 | 41873 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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HGO (ASX) Chart |