We see this happening a bit when when there seems to be no new announcements from the company.
I'm definitely no expert on this but I think the most likely explanation is that there a few holders out there that find themselves in a situation they need to sell, have identified better opportunities or are happy to take a 20% gain on the 5.3c SPP.
With 1.9 billion shares on the register, the selling of a few parcels in the millions isn't a huge proportion.
HGO has strong fundamentals and I'd rather backbeat on Freepoint's mid to long term view rather than short interval market fluctuations based off a few sellers!!
We see this happening a bit when when there seems to be no new...
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Last
8.2¢ |
Change
-0.002(2.38%) |
Mkt cap ! $169.5M | |||
| Open | High | Low | Value | Volume |
| 8.2¢ | 8.2¢ | 8.0¢ | $189.2K | 2.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1267698 | 8.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 1051722 | 6 |
View Market Depth
| Last trade - 11.30am 24/05/2024 (20 minute delay) ? |
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Last
8.1¢ |
Change
-0.002 ( 2.41 %) |
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| Open | High | Low | Volume | ||
| 8.3¢ | 8.3¢ | 8.1¢ | 921361 | ||
| Last updated 12.01pm 24/05/2024 ? | |||||
| HGO (ASX) Chart |