CONA RESOURCES LTD T.CONA

Volume

[OOU812]

I checked out Cona's volume over the last 30 days, worked out

to about 4.2 million shares or $9 mil worth.Over the same period

Cardinal's volume was 46 mil shares or $200 mil worth.

Cardinal with its $500 mil market cap is quite small by institutional

standards yet seems to be getting a fair bit of interest.

You have to wonder how a company that isn't much bigger

gets 20 times more dollar value in trading.
If Cona wants to rely exclusively on retail investors maybe they
should change the name from Cona to Cannabis.

 

[hawkowl1]

Adam Waterous owns 67% of Cona. Add other insiders and you have less than 30 million shares available to trade. 

[xbox360]

Trade value rarely exceeds 500k on any typical day. So, if you put in a market order to buy with a million dollar, it could increase the share price by like 20% on any day or do the opposite with a sell order. But there is absolutely no cause at the moment for any rush buying to happen. This stock could be trading at $3 or $4, yet it doesn't matter if it trades at $2. Investors brought the

[OOU812]

Aurora cannabis (ACB) traded 70 mil shares at a price around $8 today. That's over $500 mil worth or more than double Cona's market cap in one day. It's no wonder why everything else seems to be flying under the radar. They have a market cap of $3.3 billion and Q3 revenue of $8 mil. They must be giving free samples to all the shareholders.