OTCPK:JENGQ - Post by User
Comment by
JohnWalkeron Aug 10, 2019 11:23pm
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Post# 30015446
RE:End of trading day
RE:End of trading daycheckup wrote: 300,000+ shares traded at the second last minute of trading today. Traded at $4.48/share, close to high of the day.
I would like something good to come of all the corporate machinations accurring lately.
CIBC (and Anonymous) were by far the two largest brokerages buying in the last 20 minutes of the trading day. The high of the day $4.53 was actually set during the time period you mentioned. I can only assume that someone (and at those volumes it would have to be a
corporate someone) sees good value in the stock at those prices (at least up to $4.50)
or perhaps has heard reliable rumours (or maybe even inside information) of a pending offer to buy the company.