It wasn't 20%, but for the first day of official consolidation EGO was about the worst performing listed O&G stock today. Down 8% and a post EGODA consolidation low. All this leading into imminent drilling results which are ahead of schedule and with market anticipation of success at 90% minimum. How much success is factored in to the current price is harder to gauge.
I believe there are now hundreds of shareholders hoping for a pump to get out of some or all of their stock.
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It wasn't 20%, but for the first day of official consolidation...
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