It's because there isn't enough buyer demand for it.
It's simple as that. During lithium bear market, Instos were already on board and were actively shorting the market until legislation changes boosted demand and changed the sentiment.
There is currently no legislation push to increase the demand for hydrogen. The small amount of demand and government grants are heading straight to the pockets of big oil and gas giants who are using their hydrogen facilities for "ESG" ratings.
The small cap hydrogen space is dead in the water, no pun intended.
ECT Chart, page-342
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.343M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $103 | 51.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 22837550 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 17697152 | 57 |
View Market Depth
| Last trade - 12.30pm 01/11/2024 (20 minute delay) ? |
| ECT (ASX) Chart |