Well, what we do know is that 2.2c has been a great level of support since July. If you can pickup shares around 2.2c you're doing well. We had 25m in volume on 3rd October which pushed SP to a high of 3.1c in a day. This move was on the $24m Medicann agreement. A bit unfortunate that the SP didn't hold this price. I suspect this is due to general sentiment around the industry but it goes to show how the SP can move even on very poor market sentiment and with competitors going under left, right and centre. Im confident that once market sentiment shifts, ECS will have a cap full of feathers and the balance sheet to back it up. This is when crazy predictions just might come to life.
Daily chart below:
ECS Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
