It is encouraging to see the buying volume is now over 7 million shares and selling is only approx 2.5 million.
I have not seen buying volumes like that for a long time if ever. Yes buyers still want a sub 5c bargain if possible, but the sellers are holding on.
These are great signs.
I have seen the buying volume rising in the last 3 weeks. If the sellers can bite the bullet and hang on, this will place pressure on the buyers to increase their bids.
At the end of the day it is all about supply and demand. If there is not much stock available and good news is coming the only way for the share price is UP.
I have a feeling that in the next several months with the expected results the share price will be in the teens or much higher. Hence the strong happy sentiment in management purchasing their 5c options.
Add to My Watchlist
What is My Watchlist?