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Woulfe Mining Corp WFEMF

Woulfe Mining Corp is a mineral exploration company. It is engaged in the acquisition, exploration and development of mineral properties.


GREY:WFEMF - Post by User

Post by Segusmundoon Aug 10, 2015 1:02pm
168 Views
Post# 24003646

Trading volume impact

Trading volume impactIf this merger is successful, I assume (and hope) Almonty trading volume and liquidity will increase.

According to L2, Almonty has traded a rather low total of about 78k shares since 7/16. Historically, trading on this stock appears relatively thin. Woulfe, although no volume barn burner, has historically been a little more active, presumably due to its float and significantly larger stockholder base. Although not historically representative, today, 8/10, as of noon, Woulfe has thus far traded 1.8 m shares. Hopefully, the addition of Woulfe shares will increase Almonty stock liquidity in the long term. 

On a related volume note, have we all concluded that Woulfe's dramatic volume increase since the merger announcement is simply due to speculators betting on the merger going through so as to  take the profit between Woulfe's current .06 average trade price and the approximate larger .08 merger value?
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