Will be real interesting to see how the Canadians react to this news. Keep in mind their 11% sell off yesterday was before PMT announced these drilling results. No doubt traders were cashing in on their 30% move. Will be interesting to see if those sellers all try to jump back in tonight.
I would suggest that today's SP has had a muted response given, yesterday's sell off on the TSX. Unfortunately, it is only natural for dual listings to gravitate to each other. So for everyone who is upset that WR1 is up 10% and we are barely up today. Tomorrow, is the day I would say is going to be the mover imo.
Gotta keep in mind, without the announcement, we most likely would've been down 5-10% anyway.
PMT Price at posting:
$1.50 Sentiment: Buy Disclosure: Held
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