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Etruscus Resources Corp. C.ETR

Alternate Symbol(s):  ETRUF

Etruscus Resources is a precious and critical metals exploration company focused on the development of two properties that are located within two of the globes most mining friendly districts. Listed in 2019, with an average of 85% of its capital put into the ground, the Company recently announced drill ready targets at the Rock & Roll property in BC’s Golden Triangle and the Lewis gold project in Newfoundland.


CSE:ETR - Post by User

Comment by Rainydayon Nov 24, 2021 10:38pm
130 Views
Post# 34164074

RE:RE:RE:Why the drop?

RE:RE:RE:Why the drop?It also contributes to low liquidity in this stock. Over the last 3 months I only counted 6 days where there was more than 100,000 shares traded. As well, there were many days when the average trade size was less than 10,000 shares (less than $2K). It's hard for a stock to go up when serious investors can't easily buy enough shares to make it worth their while to take a position. I don't know what it would cost to get the shares listed on an exchange like the Venture (nor what the requirements are to do that) but if liquidity increased they might be able to do future financings on much more favourable terms that would justify the cost of getting listed on a more senior exchange.
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