RE: Share Price?Are you serious? Have you done your DD for Canaco?
Markets have been correcting and therefore risk is being taken off the table. Even though gold has been rallying canaco is still a company in the exploration phase (therefore more risky than other large cap investments). Look at all the large cap gold stocks (Gold corp, Barrick etc) which have been doing well.
Canaco is holding up very nicely because its a solid company which is well run and producing excellent drill results. Moreover, just something i have noticed is that whenever a news release is done, usually the SP rallies a day later and continues for a few days.
I expect tomorrow to be a good day and hopefully it will break its previous high of 6.45 in the next few days. They continue to prove a resource which is quite huge and is continuing to grow.