RE:surprised to see the recent pullbacknetgenx wrote:
receiving funds in $U.S. to Canada should have provided a nice boost to revenue...
yeah, there is somehting afoot.
From past few days, the stock does well mid-day, usually up several cents.
then just prior to close, some seller comes along and hits the low bids and the closing price is 10c - 15c. below the high of the day.
Yesterday, stock traded as high as $4.60 but closed at $4.47.
This has been going on for last 5 - 10 trading days.
I wonder what is up.
Best case scenario is a financing deal coming through at a price of around $4.50 or so.
That could explain this daily closing below $4.50.
However I also notice that the sister stock - AAR.UN (Pure Industrial) is also suffering a lot and has not participated in the REIT recovery from last week.
That makes me wonder if something more fundamental is afoot with the parent company.
There is very little market research or news available for both of these stocks so it is hard to tell what might be going on under the covers.
That is the problem with these small cap, low volume REITs.