Hey CT IMO, i can see 2 reasons. 1) THR has been buying a lot recently. They're using issues of shares and options to fund purchase-> dilution. The upside is, mgmt has indicated that they expect THR to be at least 3 cents by Nov 2022. 2) In the October gold ann, SP surged to 4 cents from 1.5cents and closed around 2.4 cents. This trapped a lot of buyers who bought high, couldn't exit in time and have lost patience and are selling at a loss now (esp given that dec is approaching, more selling). This includes day traders with very large sell orders that can clear price points and give false indications to amateur investors.
Personally, I am quite confident and optimistic about THR. Given that THR is saving money on marketing, they will ann all of these recent corporate transactions in the upcoming AGM. I look forward to this.
I am still accumulating THR shares and waiting patiently until the next blue sky.
Not financial advice.
THR Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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