Shares in Value Logo
Product Review Img Vertical

Date : 21/10/2021

Hot Chilli Stocks Tumbled While Trading On ASX Today

Hot Chili (ASX: HCH) engages in the identification, acquisition, exploration, evaluation, and development of mineral deposits. It holds interest in the Productora Copper, El Fuego Copper, and Cortadera Copper projects in Chile.

Hot Chili’s combined Costa Fuego project now ranks as one of the world’s largest low-altitude, clean concentrate (no arsenic), copper-gold Mineral Resources not controlled by a major mining company.

HCH shares have been fairly bullish in the past few weeks. Hot Chilli shares have returned over 32% in the past month as the company has announced a few key announcements.

Why is the Hot Chilli Stocks trading low today on ASX ?

It looks like the reason the HCH share price is trading low today is purely due to the volatility. HCH shares have been on a bullish trend, surging over 30%. This may have been a result of a few investors and traders booking profits.

Looking beyond today, there is good reason for positivity for the HCH share price. Recently, Hot Chilli announced that recent drill results from its Cortadera copper-gold discovery in Chile continue to demonstrate strong resource growth. Hot Chili’s Resource Development Manager Kirsty Sheerin also made a comment. She said the expansion of the main porphyry was very pleasing ahead of the Company’s plans to up-grade the maiden 451 Mt Cortadera resource.

Continued strong results have been reported from extensional resource drilling across the North Flank. CRP0134D returned an extensive intersection of 610m grading 0.5% CuEq, 0.1g/t gold from 216m depth down-hole, including 138m grading 0.8% CuEq from 634m depth.

This recent drilling has demonstrated strong continuity of high grade mineralisation and extended the North Flank by approximately 170m. A follow-up hole (CRP0155D) is currently underway to extend the North Flank by a further 80m. This will once again come with a potential for further upside for the HCH share price.

Are You Looking To Buy The Best Stocks In 2024?

Stay on top of upcoming market trends! Whether you are an SMSF investor or a young investor with your portfolio, we cover a wide range of stocks across all sectors, including mining, financials, industrials, real estate, technology, health and biotech, etc. It will give you an edge to invest and trade ASX listed stocks across large, mid and small caps with an advantage.

Get stock tips with our Market Experts. We help self-directed investors and self-managed super funds (SMSF) make smarter investment decisions and get better returns. Fill in your details and download your free Report instantly for Top 3 Dividend Stocks to buy in 2024!


Top 5 ASX Stocks
to Buy for Capital Growth in 2024

Shares In Value - Top 5 ASX Stocks to Buy - Cover 2024
The hardest part to finding growth stocks is having an ability to understand the finer details of these companies from their valuations through to first mover advantage and having key factors on hand to make informed investment decisions.

Our experts take the guesswork out.
ASX insight Stocks Landing

Download Your Free Report

By downloading this report, you agree to our terms and conditions and privacy policy

Scroll to Top


By submitting this form, I agree to the TERMS AND CONDITIONS and PRIVATE POLICY

Income Stocks - Blogs

Please fill in your details to download the free dividend shares report.

By downloading this report, you agree to our terms and conditions and privacy policy

Just 10 Seconds Away From Your Free Report!
Income Stocks - Popup Blog

Please fill in your details to download the free dividend shares report.

By clicking 'Download Report', I accept the Privacy Policy and Member Terms & Conditions.

We will send your report instantly. Please put your correct email address and phone number.