I reckon they will show their hand soon - their goal is to get the 30 days weighted average price down to the low 1.2s. They can achieve this in the next 2 weeks.
the end of day pip up has almost zero significance to vwap given its only a few shares.
question is - what's the opening bid? 20% premium to that low 1.2s 30 days volume weighted price?
not what we wanted but that the reality of the market as it is today - blame the market for it.
no doubt many won't be selling - but on the other hand many will. They could at least get an additional 10% to 20% that's for sure.
Whats with the closing everyday, page-2
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Last
$1.11 |
Change
0.010(0.91%) |
Mkt cap ! $160.2M | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.20 | $1.11 | $456.9K | 402.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 11915 | 2 |
View Market Depth
| Last trade - 15.59pm 17/05/2024 (20 minute delay) ? |
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Last
$1.13 |
Change
0.010 ( 2.90 %) |
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| Open | High | Low | Volume | ||
| $1.13 | $1.19 | $1.11 | 51104 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| HCH (ASX) Chart |