To illustrate the point I made above, I've plotted a simple line chart of the following tickers: HVT (Harvest One), ACB (Aurora Cannabis) & WEED (Canopy Growth Corp) from the date of cannabis legalisation in Canada (17/10/2018).
Using ACB & WEED as a proxy for industry trend (since I believe they're two of the largest companies in the sector), it is clear that HVT is just following the pack. ACB & WEED have come down understandingly, due to the high multiples they were originally trading on pre-legalisation. However, HVT never had such multiples to begin with. If this price comes any lower, I'm confident that the downside risk will be negligible given they have a healthy cash balance of $45m+.
Here's to a positive 2019.
CappMan
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.412M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 4.0¢ | $500 | 12.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 294750 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 294750 | 0.040 |
1 | 137461 | 0.039 |
1 | 135135 | 0.035 |
1 | 40000 | 0.034 |
1 | 30303 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 10000 | 1 |
0.045 | 60000 | 1 |
0.047 | 20000 | 1 |
0.049 | 130000 | 2 |
0.050 | 52267 | 2 |
Last trade - 15.59pm 18/09/2024 (20 minute delay) ? |
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HGV (ASX) Chart |