Yes, it looks like scalpers have piled in (buy up to $0.10 and sell at $0.105
Continued strong POO may see the $0.105 line taken out quickly - if we are lucky
Disagree regarding consolidation.
Statistics are distorted by the fact that the vast majority of consolidations are when a company is in the doghouse (and perhaps HZN is there too): typically raising capital to survive; low share price; and multi-billion shares on issue.
Anyway, a consolidation is very unlikely.
HZN versus Price of Oil (Brent) is interestingHZN historical price adjusted for capital return (factor approximately 0.74).
Comparison from just before the market collapsed,
HZN is the candles and has returned 0.22%
Brent is 32% higher - Purple line.
KAR (the only other pure oil play on ASX) is 46% higher - the green line.
"Parabolic Oil" Ahoy?, page-12
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $316.4M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.3¢ | 19.5¢ | $164.9K | 829.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1746246 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 175041 | 6 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| HZN (ASX) Chart |