Petrus Resources Ltd T.PRQ

like a rock

[chriszhou]

dropping like a rock.
how can that be?

[sportstermathew]

Price of stock seldom has anything to do with the company short-term.  This is an illiquid stock with few buyers on a regular basis.  Thus when a larger holder wants out or to just switch to another company it can have a dramatic impact on price. I just looked at recent announcements and monthly reports, production is rising, costs don't seem to be a big issue so this may just be a

[Seppelt]

Could it be some issues in building the pipeline from Ferrier North to their facility further south? Hope it's just a large holder unloading. Just in case bought for a 1.20 and then more for 1.15. Trust the Gray brothers.

[Seppelt]

Slowly but surely back to normal today. There is no insider activity for about a week, probably pending the Q3 results released in about a week.