HRN
HORIZONGLD FPO [HRN]
Basic Materials · ASX Small Cap
$1.3650 +3.4%
Updated 26 Mar 2026 · Scores refresh every scan
Score Breakdown
Technical64
Catalyst53
Sentiment50
Fundamental45
Momentum79
Risk Gate50
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Active Signals
Bullish Signals
- Trading above both moving averages — the trend is your friend here
- Beating the Small Ords index — relative strength of 1.18, so it's outpacing the pack
- Volume-price trend suggests distribution — sellers may be sneaking out while price holds
- Trading above the 200-day average — the long-term trend is on your side
- Strong cash runway (18 quarters)
- Pre-revenue with limited cash
- EPS estimates revised downward (-10pts)
- Rights issue announced - significant dilution
- CANSLIM S: Tight float (18%)
- Sentiment is mixed — no strong consensus either way
- Strong long-term momentum — up 154% over the past year (excluding last month)
- Excellent risk-adjusted returns — Sharpe of 2.2 means strong gains without wild swings
- The bigger volume days are the up days — volume-weighted momentum is positive (1.32%/day)
- Pre-revenue company — Altman Z-Score not applicable
- RBA hiking (-3pts)
Risk Signals
- Piotroski F-Score weak (2/9, low-confidence approx)
- Not enough chatter to gauge sentiment — defaulting to neutral
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
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Recent Catalysts
NONE Change in substantial holding
NONE Notification under Section 708A(5) of the Corporations Act
NONE Application for quotation of securities - HRN
Announcement tone +3pts
Recent ASX Announcements
| 2026-03-16 | Change in substantial holding |
| 2026-03-11 | Notification under Section 708A(5) of the Corporations Act |
| 2026-03-11 | Application for quotation of securities - HRN |
| 2026-03-11 | Non-Renounceable Entitlement Offer Document Despatch |
| 2026-03-11 | Half Year Accounts |
Key Metrics
$251.5M
Market Cap
127K
Avg Volume
1.1x
Vol Ratio
$0.39 — $1.63
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-2.8%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | pass | Float: 18% |
| L | Leader vs Laggard | pass | RS: 13 |
| I | Institutional Sponsorship | weak | Inst: 6% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #528 of 558 · Sector avg: 46
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