For the past month or so, every time a massive block of shares gets purchased, a new set of shares continuously gets put back on the ask. Today is a good example... 2 major block purchases, yet share price goes no where.
Even more obvious, the amount of shares sold on the bid is usually 1 cent less and for a fraction of the price. Again, this morning, after that first major block purchase, share price goes down immediately after. Market manipulators sure don't want any attention being brought to the company.
This same bullsh*t game has been played for years on CGX.... but it's even more noticeable with how much CGX moves downward % wise each week it seems. Hell, CGX is down 6 cents or ~16% for the past month... but I would wager the buys at the ask far exceed the sells at the bid from a monetary standpoint over this past month.
Hopefully the current .31-.33 CAD is the new floor... but knowing how slow these guys move for making deals, a move to .25 CAD is possible. I say .25 CAD as this is the first big block purchase made by Frontera and has major historical implications (if nothing else).
At this point, .50 CAD (which is like 170MM market cap) would seem like a miracle, let alone $1 CAD.