November 18, 2020 Trading in NPKI am pleasantly surprised at the trading activity today in NPK shares in a narrow price range of $0.67 to $0.69:
A total of 114,963 shares changed hands in 42 separate trades with an average trade size of 2,737 shares and a weighted average selling price of $0.676. This compares with yesterday's transactions with a total of 425,081 shares changed hands in 184 separate trades with an average trade size of 2,310 shares and a weighted average selling price of $0.666.
We have a solid bid of 40,000 plus shares at $0.66 which underpinned the trading all day. At one point this sat at over 90,000 bid at $0.66. At the end of the day there had in fact only been one trade at $0.66 for 500 shares and this was made at 3:59:511 just before the market closed. All other trades were at $0.67 or $0.68, with just 4,000 shares traded at $0.69.
Perhaps this will prove to be the holding pattern for the next couple of months until we get further news.