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MTB Metals Corp V.MTB

Alternate Symbol(s):  MBYMF

MTB Metals Corp is a Canadian mineral exploration company. The Company has six active projects spanning 670 square kilometers (67,587 hectares) in the prolific Golden Triangle of northern British Columbia. Its projects include Telegraph, American Creek, Red Cliff, BA property, Theia and Southmore. The Telegraph project is located in the vicinity of four porphyry deposits being advanced by mining companies: Galore (Teck / Newmont), Schaft (Teck), Saddle (Newmont) and the operating Red Chris copper-gold mine (Newcrest / Imperial Metals). The American Creek project is centered on the historic Mountain Boy silver mine. The project is road accessible and 20 kilometers (km) from the deep-water port of Stewart. Red Cliff is a past producing gold and copper mine in which the Company holds a 35% interest. The BA property is a silver-lead-zinc mineralization located approximately four km from the highway. The Southmore is in the midst of some of the deposits in the Golden Triangle.


TSXV:MTB - Post by User

Post by shawshank666on Feb 19, 2024 11:01am
151 Views
Post# 35887524

very strange selling by RBC on Friday

very strange selling by RBC on FridayI noticed a lot of trades on Friday but out of the 122 trades 98 of them were by RBC selling 1000 shares at a time. So RBC would sell 1000 shares of MTB at 3.5 cents and then a minute later they would do it again, they would sell 1000 shares of MTB at 3.5 cents, and then maybe 2 or 3 minutes later they would sell another 1000 shares at 3.5 cents. This continued from 11:30 right up to 3:59 on Friday. If this is the same seller why not sell all 98,000 shares at once. Why do 98 trades of 1000 shares? Each trade is only $35 so if there's a commission on each trade that's a lot of wasted money. Or maybe somebody wants to have a bigger loss for tax-loss reasons. That's the only thing that makes sense to me. Or it is an angry shareholder who is trying to drive the price lower. Anyway, in over 30 years of investing I never saw strange trading like that. If anybody knows of a reason for this trading I'd like to hear it.
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