"This time its different" ...brave words to write but...stock is up 56% for the month and up 95% since end of Feb. What I like the most about this latest sustained move upwards is the volume of shares traded...
10.4m shares for June at a VWAP of 14.4c
10.6m shares for May at a VWAP of 11c
Optiscan hasn't had volume like that since July two years ago when it was 11c.
And whilst that volume 2 years ago didn't "move the dial" at all, the volume of the last 2 months has been a catalyst to push the stock 102% higher since the end of April.
...to 2 year highs (last traded at 18c in Jan-22).
Clearly the market likes the news flow and the stock is attracting investors happy to pay up.
Hold on to your stock ladies & gentleman I sense that now is NOT the time to trade - just hold for the rest of 2024, and, yes - even buy more...
Coop
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