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Sentry Select Primary Metals Corp T.PME

Alternate Symbol(s):  SPMLF

Sentry Select Primary Metals Corp. (the Fund) is a Canada-based financial investment company. The Fund invests in an actively managed portfolio consisting primarily of securities of mining and exploration issuers, with a current focus on gold issuers. The Fund’s investment objective is to provide shareholders with long-term capital appreciation, and monthly cash distributions. CI Investments Inc. is the manager of the Fund.


TSX:PME - Post by User

Post by coolslug1on May 25, 2020 10:05am
132 Views
Post# 31068344

Too easy to manipulate

Too easy to manipulateThe reason PME is not as popular as it's sister MMP.UN is PME is so thinly traded compared to MMP.UN.  This morning is a good example of this.  All it took was one sale of 200 shares to drop the price of PME over 2%.  PME dropped 5 cents with the sale of just 200 shares.  I could have brought PME's share price down 10% by selling just a couple thousand shares.  MMP.UN on the other hand dropped just 1% this morning and it took 5,568 shares sold to do that.  A sudden drop in the price of gold could be devistating to such a thinly traded stock as PME.  I own both stocks but PME is the one I jump in and out of  while MMP.UN is the one that I tend to hold closely.
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