Hey Yummi, this has been happening again and again for months. I call it the "wall". Someone offers a larger quantity for sale on the ask side slightly above the current SP - because they know that nobody will buy this quantity. The purpose is to scare the holders and move the SP down. The wall then suddenly disappears or reappears.
Perhaps someone realizes how undervalued HMX is and uses the thin volumes to accumulate cheaply and over a longer period of time.
In the meantime, the nickel price is also rising again (+5%) today. Gold is making another run at 2400 USD/oz. Copper probably wants to recapture the 5.
Well, none of this seems to be helping HMX at the moment. We need tangible and exciting developments, results to finally move the SP upwards.
I keep the faith. DYOR and a nice weekend.
HMX Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
