Marimaca Copper Corp T.MARI

Every morning starts strong and then this

[Woodman601]

• Level II
• 

 

MARIMACA COPPER CORP. (CA:MARI)
Size	Bid	Ask	Size
100	2.60	2.64	100
100	2.52	2.80	1000
1000	2.51	2.93	100
2000	2.50	2.95	400
300	2.31	3.00	900

Previous 10 Trades
Time	Size	Price
10:51:24	500	2.63
10:43:57	100	2.63
10:43:57	100	2.63
10:43:57	100	2.63
10:43:57	100	2.62
10:43:06	100	2.62
10:43:06	100	2.62
10:43:06	100	2.61
10:41:03	100	2.61
10:41:03	800	2.61

[Skater]

Market makers, anon is the seller, looks like Cannaccord is a buyer today.  Will be interesting when the PEA is released next week.

[tonyabou]

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[Woodman601]

Tony, I think you’re right. That’s the only thing that makes any sense.

[Skater]

I thought maybe it was an automated buy program, 100 shares every few mins, nothing to move the price, just slowly accumulating.  

[fundinvestor]

I don't think anyone is manipulating the shock.  I think it's just willing buyers and willing sellers.  The stock price is ticking up nicely, and so is the volume, which is great.  I heard from someone that the PEA may be out first week in August. No idea if true.   

[Skater]

I don't think manipulating, but I think Cannaccord is accumulating, albeit 100 shares at a time, so as not to move the needle too much.  They've pretty much picked up everything at $2.66 and $2.68.  Nice to see some activity, although pretty thin on both sides.  There were a lot of days over the past few years where there was no trading at all.  GLTA Skater

[tonyabou]

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[fundinvestor]

Completely agree tonyabou. Also with most stocks you have a bunch of insiders with super cheap stock. Not here. Here, the biggest holders & insiders are in for a high average price (around $2.50 / $3.00?).

[micromike]

I like the trading. Check out the chart. Friday is usually a sell day for traders and most stocks usually drop. We doubled the Avg vol which is 50K and we didn’t drop in price. Monday is the buying day for traders. My wildest guess is that we hit 3 bucks. As long as we finish the week higher than we started then I like it. MM

[tonyabou]

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[tonyabou]

This post has been removed in accordance with Community Policy