Some important imfo, the last significant day of volume prior to friday was the 3rd of septmeber, that day saw the price open at $1.41 and close at $1.55 with 13.7m shares traded for that day for a 10% move up
The significance of fridays action was that we had similar volume of 14m shares traded but the difference was the price jumped a solid 27.6%.
This again is clearly showing that SIR has a share register thats getting tighter by the day with the price moving higher with ease.
Watch out if the volumes should ever get back towards 30m let alone 56m that were traded on the day of the discovery, with funds now buying and a tight register is setting up for a potential parabolic move north if more big news is delivered.
Next week is going to be extremly interesting.
SIR Price at posting:
$1.92 Sentiment: LT Buy Disclosure: Held
