Let me help. IMO, HCH stock price should approach 50 cents, when compared to like-for-like peer group companies.
If HCH consolidates, for example 5:1 it will have @ 610 million shares the stock price will be @$2.30
A more aggressive 10:1 consolidation results in 305 million shares and stock price in the $4.6 level.
The 5:1 would put HCH like Galaxy Resources at 504 million shares and stock price of $2.60!
If a company is firing on all pistons, like Pilbara Minerals (with 2,897 billions shares) trading at $AUD 1.0, it doesn't matter.
What just happened ? Someone dumped 10m+ on market !!, page-117
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Last
79.0¢ |
Change
0.015(1.94%) |
Mkt cap ! $119.6M | |||
| Open | High | Low | Value | Volume |
| 79.0¢ | 81.5¢ | 77.0¢ | $205.7K | 261.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 11879 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 12800 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| HCH (ASX) Chart |