RE:Does anyone know the reason ehy FVL is up? At 38 cents price was down for the same reason so many other companies share price was down....the market for pm mining shares and especially for explorers simply got too negative. The stock price went to 30 cents due to tax loss selling with the usual manipulation of price by the MM's. At 30 cents the shares were ridiculously oversold!!
That 13 million share day on Dec 17 established bottom and set the stage for a recovery in price.The price is simply recovering from the end of year nonsense + the fact that someone put out a buy reccomendation (estimate of recoverable ounces was raised from 6-10 million to 10-20 million) + declared it to be one of the 6 best stocks for 2022.
I was hoping to average down went it hit 30 cents. Unfortunately I got caught up in Christmas and didnt get the money transferrred into my brokerage account.
The price has jumped considerably and wouldnt be surprised to see a pull back/buying opportunity. If that doesnt happen, the price chart clearly shows 60 cents as resistance to any further upside.