Public statement from First CobaltI contacted them about the stock price earlier--perhaps others did as well. Here is a public statement they issued after the market closed:
TORONTO, ON — (July 9, 2018) – First Cobalt Corp. (TSX-V: FCC; ASX: FCC; OTCQX: FTSSF) (the “Company”) reports that while it does not normally comment on market activity or market rumours, the Company feels it is appropriate to issue the following remarks in light of the unusual activity related to its common shares.
First Cobalt reiterates that the fundamentals of its business have not deteriorated but rather, since completing the acquisition of US Cobalt, it believes they have improved. The Company is aware of no material events that would contribute to the unusual trading activity.
“We continue to execute our growth strategy, and our business is progressing as expected,” commented Trent Mell, President and CEO. “We are fully funded to complete the work program underway at the permitted First Cobalt Refinery complex, as well as our ongoing drill programs in both Ontario and Idaho. We remain encouraged by the results we have achieved to date as we continue to build a vertically integrated North American cobalt company.”
The Company also states that certain officers and directors have been buying shares in the market over the past several weeks.