Now down 36% from yearly highWow, it hit 60 cents before a slight rebound today. That is down 36% from the year high of 93 cents only achieved in late June. Canaccord was the big and steady seller all day long AGAIN. I put them at about 400,000 shares sold over my above noted time frame. That is huge for this small company. The only two questions that remain is why are they selling so many shares and how many more do they wish to dispose of. Then, the ultimate question (of how their future plans, new orders and sales backlogs are coming along) may be answered with MCB's upcoming second quarter press release on Friday August 6, 2021. I am still hoping for good news but am a little scared with all this downward selling pressure and big volume. Stay tuned.
By they way, at 60 cents it is just slightly over 36% above it low trade (38 cents) for the year, so you could say we are exactly in the middle by price trading right now. But to all of you who have followed MCB for any while, most know more like mid forties was the real low as very little traded in the high thirties. Good luck to all MCB investors. Angles.