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Hawsons Iron Ltd

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About HIO

Hawsons Iron Ltd (HOI) is an iron ore developer and producer listed on the Australian Securities Exchange. The company is focused on developing its flagship Hawsons Iron Project near Broken Hill into a premium provider of high-quality iron ore products as well as support decarbonization of the global steel industry.

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Sector

Materials

CEO

-

Industry

Metals & Mining

Market Capitalisation

$30M

Price-earnings ratio

2.74

Dividend yield

NaN%

High today

$0.03

Low today

$0.03

Open price

$0.03

52-week high

$0.06

52-week low

$0.03


Announcements





What does Hawsons Iron Limited (HIO) do?

Pumping iron is what they want to do. Hawsons Iron is an Australian mineral explorer focused on the production of iron ore. The company’s mission is to answer “the world’s call for high grade iron ore products” and to decarbonise the steel industry.

Hawsons Iron is working on one major project at this time, the Hawsons Iron Project. Located 60 kilometres south-west of Broken Hill in New South Wales, the project is a significant iron ore asset made of three tenements across 511 square kilometres. It also currently holds one mining licence application.

Hawsons Iron claims their efforts produce a “70 percent iron product that, once in production, will be the highest-grade iron ore product on the seaborne market.”

The Hawsons Iron Project was recently declared a NSW State Significant Development and received Major Project Status from the Australian Government.

Is Hawsons Iron a profitable company?

No. Hawsons Iron has a history of zero revenue and negative net income going back to FY2012. The company has been heavily dependent on capital raisings to continue its projects. 

As a result, the number of available HIO shares has increased every year since FY2012. There were 98 million shares available that year, but by FY2021, 386 million shares were available.

In FY2021 alone, the company “carried out a fully underwritten capital raising of $35,596,844 through a fully underwritten placement and a 1 for 2.6 underwritten entitlements offer and private placement. The capital raising was executed at the offer price of $0.15 per share.”

On 22 December 2021, Hawsons Iron signed a A$200m equity funding package with US investment group LDA Capital to continue their flagship project.

How do I buy HIO stock?

Stake offers a quick and easy way to purchase HIO shares – along with 2,000+ other Australian stocks and ASX ETFs – for a brokerage fee of only A$3.

Stake is a CHESS sponsored platform, meaning that when you buy ASX shares, you get a HIN (Holder Identification Number) and stocks are held in your name.

With Stake, you can be in the market in under 5 minutes, whether it's the ASX or Wall St. If you’re interested in building your portfolio by adding HIO, sign up today.

Is HIO stock a buy?

Some investors seem to think HIO stock is a buy as recent news has been positive.

At the end of December 2021, Hawsons Iron secured a A$200m equity funding package with US investment group LDA Capital and executed an agreement with Starlight to secure 100% control of the Hawsons Iron Project. The company also announced the renewal of the Major Project Status of the Hawsons Iron Project for three more years.

Off good news, the HIO stock price climbed over 700% from A$0.08 all the way to A$0.57 between October 2021 and April 2022.

Does HIO stock pay dividends?

Hawsons Iron has no history of paying dividends to its shareholders.

Who owns HIO stock?

At 79.4% of ownership, the general public holds the majority of HIO stock. Institutions, private companies and individual insiders own significantly less at 7.1%, 6.9% and 6.6%, respectively.

Some of HIO stock’s most significant owners include Regal Funds Management (4.99%), Silvergate Capital (2.52%) SG Hiscock & Company (2.11%), Arvada Pty Ltd (1.26%), JKS Group Holdings (1.1%), James Suggate (0.86%) and Peter Turcovsky (0.86%).

Individual insiders include Non-Executive Director Paul Cholakos (0.39%), Executive Chairman Bryan Granzien (0.28%), CFO Gregory Khan (0.2%) and Non-Executive Director Jon Parker (0.014%).

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HIO FAQs

Yes, the Stake platform allows you to buy HIO shares and over 12,000 stocks and ETFs across the ASX and Wall St.

One share of Hawsons Iron Ltd is valued at $0.03.

The ticker symbol for Hawsons Iron Ltd is HIO.

To buy HIO stocks in Australia you'll need to open an account with an investing platform like Stake.
To do so follow these steps:
  1. Sign up in minutes, all you need is some I.D.
  2. Choose Stake AUS
  3. Deposit directly into your Stake wallet and you're ready to invest in HIO

The Hawsons Iron Ltd 52-week high stock price is $0.06.

The Hawsons Iron Ltd 52-week low stock price is $0.03.

As of 26/05/2024 Hawsons Iron Ltd has a market cap of $30M.

This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.

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