Is it really accumulation or is it distribution. Maybe this is as good as it gets. The SP has possibly reached its zenith. The market and the BEOT know what MGX is generating per month. They can project out to the year and the subsequent years and they have concluded that it is just worth $600M.
You and I may think it should be trading over $1 but the BEOT will decide that. Today we hit 55.5c with volume at around 100k. The remaining day is we had 1.4m shares push it down to its lows. Can’t see this as accumulation but selling shop and getting out.
MGX Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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