OSFIThere are several things holding this stock down. One is the lean volume of the trade which leaves it vulnerable to being shorted. Hence Canader and others can make more on the ups and downs of this stock than he can in his day job.
The other is the Government of Canada. The OSFI has blocked banks from raising current dividends or initializing the payment of dividends despite having an embarrassment of free cash on the grounds the banks may need that money in the case of a third wave of Covid onset. The government used all of its rainy day fund on the first wave.
The final thing I can identify is that they stopped paying the dividend back when this company was nearly lost due to the mismanaged state it had slipped into.
All the numbers are there for this company to get back to where it was. It was like FN or GSY if not for the bad years and having to be bailed out by Warren Buffet. Now it is back and to some extent the only thing differentiating it from these other 2 highly successful stock is a dividend and that it is so small that I don't think it has backing from deep pocketed institutional investor that can gain by pushing the price of this stock up to its real value to look good to himself and his investors.
On the good side Economics is on the side of this company. The more money that piles up in the short term, shared by fewer and fewer stocks when HCG will be allowed to launch another share buyback plus a dividend witll create such pressure on the price that the market will be forced to react to it as it did 3 summers ago when it jumped from $6 to $17.