I'm posting this extract for any opinions on whether HRZ can follow suit. The phrase which grabbed my attention? 'Non-dilutive' capital raising;Our micro cap Investment Heavy Minerals (ASX: HVY) is up ~500% from its low point over the last 12 months…
And looks like it wants to keep going.
HVY has gone from a share price low of less than 5.5c to now trade at ~24.5c per share.
(our Initial Entry price is 10c)
AND HVY is still only capped at $16M.
We think the HVY share price is now reaping the rewards of management putting in the hard yards last year by raising ~$2M via a non-dilutive royalty sale agreement.
(Instead of the usual “quick cash injection band-aid” of a heavily discounted equity raise with free oppies that weigh on share prices for months, like most small resources companies do) [my bolding]
And the HVY share price run is indicating that the market now believes that HVY can further progress their project using this non-dilutive funding method.
db
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HRZ
horizon minerals limited
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I'm posting this extract for any opinions on whether HRZ can...
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $141.5M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 4.9¢ | $39.43K | 788.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 1278919 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 205795 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 1277919 | 0.049 |
6 | 1412988 | 0.048 |
5 | 2195936 | 0.047 |
6 | 926731 | 0.046 |
10 | 808853 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 1066617 | 6 |
0.052 | 1646805 | 11 |
0.053 | 1029460 | 8 |
0.054 | 82698 | 2 |
0.055 | 888986 | 7 |
Last trade - 10.32am 08/08/2025 (20 minute delay) ? |
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HRZ (ASX) Chart |