Price and Volume Action TodayNice to see some life come back to Halo in the form of volume and price appreciation.
It began on the Frankfurt exchange this AM where Halo is listed under the symbol HRLN. Halo
traded 421,000 shares, up 5.75% to close the day at .40 euro ($.536 based on exchange rate). On the Canadian side we saw much of the same activity with 301,000 shares traded and a close of $.53, which coincides with the Frankfurt close.
Two of the big sellers today seem to be anonymous and National.
As of close today, this is what level II looks like:
| # Orders |
Shares |
Bid |
Ask |
Shares |
# Orders |
| 2 |
20000 |
0.510 |
0.540 |
11000 |
1 |
| 2 |
22000 |
0.500 |
0.550 |
14000 |
3 |
| 1 |
10000 |
0.495 |
0.560 |
20000 |
1 |
| 1 |
10000 |
0.490 |
0.570 |
15000 |
1 |
| 1 |
6000 |
0.480 |
0.580 |
44500 |
3 |
The encouraging part is that we are seeing bids stacking up tightly. On the flip side, I wish we could clear out the sellers as the asks are stacked pretty tightly as well. Hopefully today went a long way in clearing out the weaker hands (which may still include Mineral Fields ... I'm not sure what they have left, if anything).
VMS Ventures (VMS: TSX-V) had some nice action today as well (up $.06 to $.66 on 708,000 shares). I consider that encouraging given the similarities they share with Halo (Manitoba, VMS play, JV with Hudbay, Looking to go into production this year, Hudbay recently made investment in VMS Ventures). I believe the Flin Flon Greenstone Belt is starting to attract more attention as an area play, which will serve both Halo and VMS Ventures well in the coming months.
As always, the above is my humble opinion.
The 300