Don't know if insiders are artificially increasing the sp As I mentionned in an earlier post the 2015 Private Placement is coming to a close on Janyary 13, 2017. Subsribers had the opprtunity to excercise their warrants to buy shares of the company at 14 cents/sh. I would be comapring the O/S count from today going forward
The most recent
Common Shares Outstanding (as of September 30, 2016) 281,849,328 shares. All this sudden volume could also be attributed to insiders trying to make a quick buck as well.
pertaining NR:
https://www.megauranium.com/news_room/2015/index.php?&content_id=462
excerpt:
"TORONTO, Canada (July 13, 2015) Mega Uranium Ltd. (TSX: MGA) announces the closing today of the final tranche of its previously announced non-brokered private placement, pursuant to which Mega raised additional gross proceeds of $207,000 from the issuance and sale of 2,300,000 units, at a price of $0.09 per unit.
Each unit was comprised of one common share and one-half of one common share purchase warrant of Mega. Each whole warrant entitles the holder to purchase one common share of the company, at a price of $0.14 per share, until expiry on January 13, 2017.
A director of Mega purchased an aggregate of 300,000 units, representing approximately 13% of the total number of units sold today."