TSXV:LLO.P - Post by User
Post by
MNK3240on Aug 12, 2019 3:31pm
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Post# 30019239
SMALL FLOAT OFTEN TAKES IT TO SKY HIGH IF
SMALL FLOAT OFTEN TAKES IT TO SKY HIGH IFthe rumour and the market condition is right. The reason it went over a dollar so quickly simply because of the small float. Nowadays, all small caps start with hundreds of millions of shares issued and outstanding but this one seems to be exception for now (12 million shares OS....7.5 million on escrow meaning only 4.5m for trading).
Similar thing happened to Tilray once and the share price went up like hell one day. Don't know what will happen but short term it may actually go up big time.