I wish I could understand the trading behaviour of this stock. The buyers and sellers appear to both be off screen so the trade happens when one decides to sell and the other decides to buy and they put parcels up and they just get traded one at a time.
What I cannot understand is how many shareholders and the amount of shares will be sold in the climb towards 37c. I think it is more than I would hope but that volume will have to be purchased and at least the sellers don't seem hell bent at selling at any price. If 29c is the new base that is much like it was a few months ago - before the relentless sell off.
I must say that I am hoping that we can start measuring the progress made by this company in the annual report and that they get the acquisition done and start working towards the next deliverable in their pathway forward.
PGC Price at posting:
29.5¢ Sentiment: None Disclosure: Held
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