All good Was expected that the price would bounce around a bit between the private placement price of $3.60 and the latest floor of $4 - $4.10. Some still getting the news of the PP. Plus knowing that's likely to happen, easy to see selling at $4 and anticipating buying back at $3.60.
Add the time lag until the bought deal closure and uplifting, plus the low volume as all the longs hold, and the price is easy to push down artificially during the wait.
Standard stuff in the middle of a PP. Will rise back and settle at the $4+ floor once closed. Expect a lot of choppiness like this all week.
The overall market is off by a lot today too, which hasn't helped. I'm red across the board and not by a little.
Can't get off this exchange soon enough, but no actual concern. Standard stuff for this phase.