Post by
GJS471 on Jun 11, 2021 12:54pm
Covering short positions maybe....
The price increase is good but the volume of shares is not there yet. Looks more like someone had to cover a short position and is trying to pry shares from those willing to take advangage of the recent increase.
Or, it is possible someone is a recent participant - did their homework on fiancials, earnings,techncial indicators and said - the market valuation is off and there is an opportunity here.
Comment by
Stocker46 on Jun 11, 2021 2:26pm
The SP has gone up 42 cents since the June 1st close (53 cents if you use todays high) ... quite amazing. I realize Pharma is hot right now, but no news from CPH so I'm not sure what specifically is driving a 30 to 40 % increase in the share price ?
Comment by
Majictrader on Jun 12, 2021 9:18am
Consistent cash flow + losses. Broke 1.60...1.9 next sight. Keeping fingers crossed.