Hmm.. been following IOP/FMG plus the few big and medium IO producers closely in the last few weeks here.
I'm not sure if investors decided that the IOP has reached a nadir but pretty much from 11 Oct onwards, there as been a notable disconnect between IOP and their SP, especially with FMG, it seems to have bottomed and in the last 2 days broke through key resistances.
So the behemoth has started to turnaround, HIO would soon too..
Also read a fair bit about inflation rearing it's head again in major economies, especially the US, I wonder how is that going to affect IOP when interest rates starts to rise both by the Feds and RBA?
Price and Chart HIO, page-36
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Last
2.8¢ |
Change
0.001(3.70%) |
Mkt cap ! $28.25M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.7¢ | $80.36K | 2.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 981370 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.9¢ | 1194560 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| HIO (ASX) Chart |