This is a very hypothetical question as over 50% probably over 55% of the shares are in firm hands and hardly any of the larger holders are interested in selling before HMX has realised its full potential. Spontaneously, I would think that this could be the case at an SP of 20c and higher. Hardly anyone will move below that.
In the meantime, the ask side seems to me to be getting even thinner. Looks a bit like the SP is slowly trying to " creep" upwards. The sellers seem to be on the retreat. Interestingly, we saw a very similar development about 1 year ago. With the difference that in the next few weeks we would have the chance to break the downward trend - which has been weighing on us since April 2023 - on the upside. Let's see what happens in the next few weeks. DYOR
HMX Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
