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Teal Valley T.TV


Primary Symbol: P.TEAL

Teal is a Canadian, pharmaceutical & NHP manufacturer selling to Canada’s national, chain drug stores, presently expanding its portfolio to include cannabinoid-based products utilizing proprietary formulations & extractions for both the global Rx & recreational markets.


P.TEAL - Post by User

Comment by kramaswamyon May 07, 2021 6:06pm
200 Views
Post# 33157793

RE:$1 in 2021?

RE:$1 in 2021?The volume might seem significant because it's a large unmber - 10M shares traded - but it doesn't represent very much in terms of dollars - only $2.5M changed hands, which is pretty low overall.

Therein lies the main problem that will hold back share price. There are a *lot* of shares that were purchased as Trevali fell from $1.5 to where it is today. As the price of the company goes up, many of those shares that were bought will be put up for sale. That'll require a lot of new buyers before we can see a real price increase.

The key price points to watch for, I think, will be $0.4 and $0.8. Those are roughly where the share price stuck for a while, before dropping.

All that said - I think that your suggestion of $1 in 2021 is a dream. I don't expect the company to go back to that point until they can demonstrate several quarters of profits, and demonstrate that they have learned how to use that money responsibly.
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