Unfortunately hector31 without publishing confidental data I cannot back up my words. But your guesses as to the causes are in the right direction.
These companies tended to have issued shares +/- options at very low prices and have issues maintaining upwards traction because people can make large % gains quickly and will sell out. It also works in reverse as well.They of course make great day trading targets.
FYI ABU has 581m of ops, SBL 100m and MOY 1.567b.
Once you get to a certain size (such as FML, AXM)profits/losses are of course more widely distributed. ABU which are closing in on developing will need to raise more cash to do so, with 581m ops on issue. It does not help that they have a low grade total resource at 0.2g/t lower cut off of 1g/t.
PXG Price at posting:
27.6¢ Sentiment: Buy Disclosure: Held
