The recent spike to HIO was more likely caused by the Change in substantial holding (credit suisse) and AGM, not price of iron.
As the price surged only happened on Tuesday after custom data was released.
However the iron price might continue to stimulate the HIO price up. Let's hope so if you are a HIO holder
I have also mentioned the comparison previously replying to your post hayalim.
MGT and HIO are very simlar companies.
However to add to that, I would say the price action might also be caused by HIO having lower number of shares that is offset by higher price.
This might induce higher liquidity.
Although it's important to note that they both have similar market caps around $70m so essentially so essentially the shares are worth similar to each other.
MGT
HIO
The recent spike to HIO was more likely caused by the Change in...
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Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.89M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 38.5¢ | $794 | 2.062K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18700 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 125341 | 2 |
View Market Depth
| Last trade - 10.04am 17/05/2024 (20 minute delay) ? |
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Last
39.5¢ |
Change
0.000 ( 2.60 %) |
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| Open | High | Low | Volume | ||
| 39.5¢ | 39.5¢ | 39.5¢ | 3000 | ||
| Last updated 10.27am 17/05/2024 ? | |||||
| MGT (ASX) Chart |