Out of interest, has anyone tried comparing the trading action on this to that of GMR?
Different minerals and situation, but seems like very similar trading action to me. Roughly the same number of shares on issue.
GMR had the expected catalyst of completing acquisition and still had huge walls to climb on the sell depths. NIU has the anticipation of good numbers in the full year accounts and/or advancing the other projects, and much smaller walls, it seems.
GMR was mentioned in a newsletter, maybe NIU will get a mention in once of those next small caps or equivalent. Would make sense for a couple of reasons. Hoping we get a similar or bigger sort of pump, considering the producer vs explorer aspect.
NIU Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
