Yeah I agree. In fact, that's what makes me nervous. I know we've just been through a CR but this smacks of a pump. But for what purpose? Increase the value of the IPO? Raise a more material amount of capital?
If it find resistance again at 3.1 and falls back to mid 2s (which I think it will), it tells me that there's someone with very deep pockets accumulating with a celling price of 3ish. They buy up massive volumes and just withdraw at 3.0 letting the natural sellers to force the price back down until they can move again.
Either way, makes for excellent trading.
Ann: Vanadium Battery Metals Update, page-216
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $140.4M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 15.0¢ | $1.771M | 10.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3937671 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1469705 | 1 |
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