RE:Low Share PriceI believe it’s because the stock is still a relative unknown. Crazy seeing as how the company was featured in a CNN article.
On Stocktwits for instance there’s only now 4700 followers, while other seemingly obscure stocks (companies) regularly have 10k-15k watchers.
meme stocks seem to average well over $125k watchers.
I’m thinking the biggest near term catalyst will be when the stock is upgraded to the major exchanges (TSX & Nasdaq/NYSE). Institutional investors will buy up all the loose change being traded around today, along with all the short sighted longs happy to sell after a quick price jump to the $20s.