"There is absolutely something going on here. Everything is so volitial and this stays basically right on $2.75. Just look at it's one year chart. Up and down and then past month flat. Absolutely something is up!"
Well, there is an offer for the company, which clearly places a floor underneath the price stock (well, for as long as that bid remains in place) and clearly the trading conditions for the business are challenging, meaning it would be a lot lower if it wasn't for the offer; so there is nothing to make it go higher.
So, the stock being stuck in its tight range makes perfect sense to me.
What else would you possibly expect the share price to do?
TRS Price at posting:
$2.75 Sentiment: Buy Disclosure: Held
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