The move wasn't 50%, it was 24%. The price was deliberately smashed down to scare out weak hands. Need to count the share price increase from 1.14 instead of 89c (the manipulated low). I posted on 09/07/2021 that the confirmation on weekly chart pointing to 1.4-1.5 range in the next few months. The higher highs and higher lows closing in the historic resistance showed an imminent break out was due to occur. Also, many traders rely on the old trading strategies which will not work nowadays. 1.2 is very unlikely unless there is a big problem in the company or the gold spot price gets smashed down.
I don't want dividend next quarter, the gold price is very cheap so the company should really take advantage of it by acquiring a good mine in another West African country. The gain could worth triple the amount paid as dividends.
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$1.56 |
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Open | High | Low | Value | Volume |
$1.55 | $1.59 | $1.55 | $6.014M | 3.850M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 47300 | $1.55 |
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Price($) | Vol. | No. |
---|---|---|
$1.56 | 18128 | 3 |
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No. | Vol. | Price($) |
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3 | 47300 | 1.550 |
3 | 80203 | 1.545 |
8 | 49943 | 1.540 |
3 | 30241 | 1.535 |
3 | 23241 | 1.530 |
Price($) | Vol. | No. |
---|---|---|
1.560 | 18128 | 3 |
1.565 | 43715 | 4 |
1.570 | 25612 | 2 |
1.575 | 60035 | 3 |
1.580 | 25612 | 3 |
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