Nevada Copper Vs Ero Copper (Trade volume comparison)To put things in perspective with regards to volume...both Nevada Copper Corp and Ero Copper have very large insider ownership, around (83% each). Below is a comparison in the float value being traded daily:
Percent of float value traded daily in August 2023
Ero Copper: 2%
Nevada Copper: 0.083% (more than 1/10th of 1 percent)
Anyone who has insider info @ Nevada Copper Corp can change this price with such low interest and volume.
See calculations below:
Average daily trade value for August 2023
Ero: $6,200,000
Nevada Copper: $38,544
Value of public float Aug. 2023 (average closing price in August 2023 x float shares)
Ero: $315,464,000 (11,386,000 shares x $27.7 CAD/share)
Nevada: 46,000,000 (247,055,000 shares x $0.185 CAD/share)