HCD - Hydrocarbon Dynamics

[Kremmen]

After spending almost 2 years gradually dropping from 15c to 3.2c, INK has spent the past 2 months between about 3.5c and 4c, before rocketing to 10c in the past few days.

Something must be happening there.

 

[System]

On December 31st, 2019, Indago Energy Limited (INK) changed its name and ASX code to Hydrocarbon Dynamics Limited (HCD).

 

[frugal.rock]

Market liking the Western Canada pilot announcement today.
3 year chart. DNH

 

[frugal.rock]

Price retreated since last post, however that was one solid up day off the back of a NON market sensitive announcement.
Might have more legs, don't know. Not held.

 

[HelloU]

They recently did a CR at 1.1 cents (from memory). Recently announced a sale to Santos for the Cooper Basin and the share price surged.

 

[frugal.rock]

Another rights issue for ~$1.76 mill at 1.2 cent.
Customers appear pleased with the product after trials. Not sure how that's translating to sales though.

Chart update.