Trading TodayHello fellow Verde shareholders,
An interesting trading day at the end of an interesting week. While there is still half an hour of the trading day still open, I thought I would share today's story so far.
There have been 78 separate trades, averaging 1,633 shares per transaction at a weighted price of $0.927. Three brokers accounted for 80% of the selling, with the balance through 7 others in smaller amounts. This would suggest a couple of shareholders making the call to exit their holdings this week, or significantly reducing their exposure. One can speculate as to why.
On the other hand there were 14 buying brokers with the activity more evenly spread, suggesting a broader interest on the buy/accumulate side with existing shareholders likely adding to their positions at what would be seen as attractive prices compared to the recent run up to $1.97 earlier in the year. A continuing and strengthening growth story that perhaps got ahead of itself and pulls back by over 50% in a couple of months, Verde at 90 cents is now once again attracting buyers. The open orders under 90 cents have gradually stacked up over the day, and the brief dip down to 88 cents was quickly pushed back above 90. There remain 100,000 shares available at 94 cents, so until those have been absorbed we are likely to see the share price sit around the current bid ask of $0.91 to $0.94.
Have a great weekend - only 12 days to the Verde AGM - have you voted yet?
Cheers,
S.