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HYD - Hydrix Limited

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HYD shareholders must be cheering today as the slow, grinding share price decline of the last ten months finally ends.

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Buyers are piling into Hydrix today as FDA approval finally comes through for their Guardian device, paving the way for a commercial release of the implantable cardiac monitor in the USA. Huge market for this product. Let's see what HYX do with this opportunity.

The HYD share price has leapt 58% to 24.5c following this morning's announcement. Huge gap up.

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May 2023 comp entry.
A little bottom feeding action here.
Not held and purely a random chart choice.
I guess my point is, in my opinion, it has a long shot of being a dark horse.

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Interesting, looking at the two graphs, how the June 2021 spike just disappeared into nothingness,,.. a one day wonder (and to resume a slow, grinding share price decline)
 
Yarp, it doesn't pass my trading or investing rules, but they don't matter for a comp entry.
Not much cash left, they might be going cap in hand soon, although they have arranged a line of credit, probably at exorbitant interest rates.

"The variable interest rate is the bank bill swap rate (“BBSW”) plus a facility margin of 7.10% p.a. (an initial rate of 10.7834%, based on the current BBSW). Hydrix Services must also pay a Facility fee of 1.50% p.a."

Don't like my chances here. Fingers crossed for some good news.

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