November 19 2020 morning tradingIt is now 11 am and we have 90 minutes of trading in hand today - 23,070 shares traded at $0.67 to $0.69, with 9,000 bid at $0.68 and 6,500 offered at $0.69.
We have 5 open buy orders at $0.66 for a total of 64,263 shares, which again has set the floor to the relatively low volume of trades we have seen since the initial reaction to the Q3 numbers wore off on Monday. On the up side, there are no shares offered at $0.70, then a single open sell order at $0.71 for 13,000 shares. This would suggest the share price will continue to trade in the narrow band around $0.68 per share (Enterprise value at 48,440,000 shares outstanding is $32.939 million).
All-in-all there appears to have been fewer traders picking up shares in the last few months than perhaps committed shareholders adding to their existing positions which they are holding for the longer run promised/expected returns.