HIO collapse from $400m Mkt cap to $40mill mkt cap is not particularly unusual. A lot of COVID ramped stocks that lost momentum on their projects (JRV, LKE etc) have almost identical charts . I still think too early to be loading up, pretty much every level from 5.1 to 6.0 cents is some kind of HUGE technical resistance, and volumes are soo light. HIO continues the pattern of running up into the resistance zone before running out of steam and pulling back. Happy to be surprised by some kind of equity/funding tie up with BHP
HIO Price at posting:
4.8¢ Sentiment: Hold Disclosure: Held
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