Warrants Explanation There are two publicly traded warrants:
HIP.WT -with an exercise price at $1.75 and Expiry in 28-Feb-20. This warrant was issued when HIP sp was quite high, hence high exercise price.
HIP.WT.A - with an exercise price at $1.00 and Expiry in 22-Jun-23
HIP.WT.A obviously has a better time value (2023 vs 2020) and is also exercisable at lower price.
So assuming both WT and WT.A cost .10c per warrant, the share price needs to be 1.85 for you to break even on redeeming WT at 1.75 (because 1.75 + .10).
With WT.A, the price needs to be 1.10.
So lower exercise price combined with longer expiry term is what makes WT.A priced higher and attracting more volume.