There is an uptrend in place currently and the stock closed right on the lower band of the channel at 25c. A bounce tomorrow will confirm a continued uptrend however any sell off would be quite bearish, not that I think that will happen.
In relation to the Catherwood FS, management said it was 95% complete more than a month ago so they have either halted progress on the study or are waiting for some sort of approval or report eg. Toll agreements etc. As a shareholder I am extremely happy with the way that management handled this raising and am positive that the money raised will be put to excellent and efficient use.
PXG Price at posting:
24.2¢ Sentiment: LT Buy Disclosure: Held
