Post by
theTransporter on Jan 30, 2021 12:51pm
Volume stats!
I believe yesterday break the all time record for highest volume traded in a single day for this stock.
52.8 Million shares traded hands across ALL exchanges yesterday and the insane bind boggling part is how it was all kept within a 1.5c range!
For the ease of comparison, I will only use the Canadian exchange volumes here and compare yesterday to the previous record volume which occured on January 3 2018:
Jan 29-2021
Volume: 21,650,086
Open: $0.175
Close: $0.175
Change: $0 0%
Day Range: $0.16 to $0.175
Jan 03-2018
Volume: 18,293,274
Open: $2.80
Close: $3.285
Change: +$0.585 +21.67%
Day Range: $2.79 to $0.175
Just insane how many shares were traded yesterda without any price movement.
Now to put things into greater perspective, you need to look at the value traded between both dates (amount of $$ exchanging hands):
Jan 29-2021: $3,665,892
Jan 03-2018: $57,945,899
Despite how much volume was traded yesterday, the value exchanged hands pales in comparison to the value 3 years ago. That being said, a company like APHA trades $104M in value on an average day.
The record breaking volume is sitll drops in a swimming pool of total value traded in Cannabis LPs on a typical day.
The billion dollar question now is, what is happenning here and when will this run??