Short term catalysts for share price increase:
- trading of the company's securities on the OTCQB - just wait for some of the U.S. investors to enter the market. They love these penny stocks that are < USD 0.015. e.g. a 5 mill share order would cost them approx USD 60,000.
- Pernatty C drilling results from the 1st hole (PSDDH001) that was completed on 15 December should be reported within the next month.
The 2nd hole (PSDDH002) at Pernatty C is well underway. It seems that the backlog at the labs currently is not as bad as it was at the end of 2021.
- Next drilling campaign at Horse Well to be announced shortly.
- If the share price increases to above the 2c level , it would not surprise me to see the Company have the May 2022 options underwritten which would increase the Company's cash by approx another $ 3.2 mill after costs.
At these levels considering the risk/reward potential, this stock is a non-brainer.
GLTAH
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Mkt cap ! $17.18M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 26564642 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.5¢ | 20106705 | 23 |
View Market Depth
No. | Vol. | Price($) |
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4 | 26564642 | 0.004 |
15 | 23298341 | 0.003 |
10 | 48799658 | 0.002 |
18 | 42699890 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.005 | 15435205 | 20 |
0.006 | 9205418 | 13 |
0.007 | 2170209 | 5 |
0.008 | 453545 | 1 |
0.009 | 3139736 | 5 |
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