The fact that it fell nearly 10% on $8K traded simply means the move is virtually meaningless. Barely anyone selling of buying. Which isn't surprising. The majority of holders really like VR8 and are loyal long term holders. At the same time the Vanadium price is very low and prohibitive of any mines being progressed so there is simply barely any attention for the sector and very few people looking to buy....
So it balances out to almost nothing happening and small volume being able to cause big swings in the share price.
But the fact VR8 isn't completely collapsing and there are no scores of holders running for the exit despite there not being much chance of rapid progress is a good sign.... And don't worry, the cure for low prices are low prices. Supply will suffer over the coming years so even if demand is stable prices should recover. And I don't think demand will be stable.
Great time to patiently accumulate.
VR8 Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held
