It may well be that this announcement was style particulalary negative to instigate a fall and lift volume traded as the daily volume was very low. We may well see a LDA call notice given the massive volumes.
Just a left field thought as they clearly need to raise money and a direct placement is now too hard and at these levels will need to be heavily discounted. However given the massive fall today they could do the LDA call into a raising market from these low levels.
With a further softening announcement in the next few days to counter the ultra negative announcement today
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Last
1.8¢ |
Change
-0.001(2.78%) |
Mkt cap ! $19.75M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $11.39K | 651.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 8532399 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 1623486 | 8 |
View Market Depth
| Last trade - 12.53pm 31/07/2025 (20 minute delay) ? |
| HIO (ASX) Chart |