Anvil share price up 27 cents today on top of recent gains indicating a breakout.
Obviously insiders/institutions have information indicating positive developments/announcement imminent.
Possibly Anvil is close to announcing success in obtaining a loan which has been processing and requires approval by banks for some time now.
If so the obtaining a loan ($140 million?)will give Anvil the capacity to continue expansion of the SX-EW when successfully completed and flags to the market that Anvil is considered a safe investment on top of the progress taking place.
Institutions have revalued Anvil to be good value at close to the $4 mark. With expectation of higher valuations not far away as progress continues.
All aboard????
AVM Price at posting:
$4.02 Sentiment: ST Buy Disclosure: Held
