RE:New 52 week lowsDuster340 wrote: coming for hut. that will be the time to buy
I've been watching it too. With the $200MM U.S. ATM on the horizon, that's quite an overhang. Just off the top of my head, if we're looking at +30% for the exchange rate from CDN to U.S. dollars, that's $260MM Canadian, and with the current price of $3 CDN a share, that equates to ~86MM shares of overhang. Unprecidented.
Throw the factor of a stengthening U.S. dollar, with rates going up, and (probably) an associated decline in cryptos, and we might be talking even more than 86MM shares of potential overhang.
Picking the bottom will be tricky. GLTA.