RE:RE:RE:RE:RE:SLUGGYReason 1 - It is in Equador and that scares a lot of would be investors. If this mine was in Canada LUG would be double where it is now.
Reason 2 - it is a boring industrial stock with known metrics.
Reason 3 - it is the end of year and portfolios are being readjusted. Those who don't believe in gold in 2021 are selling. Those who have already made a good profit on LUG might be moving on.
Reason 4 - It is still officially tax loss season.
Reason 5 - It is paying down debt - how truly boring!
Reason 6 - It doesn't pay a dividend (yet).
Reason 7 - it is tightly held with over 80% locked up by the top ten investors. That makes it a lightly traded stock. It is difficult for funds to buy and flip stocks with weak floats.
Reason 8 - the exploration programme hasn't started yet, just boring mine drilling.
Reason 9 - the recent collapse in the price of Gold has spooked some would be investors
Reason 10 - like all Gold stocks it is facing competition from high tech, big pharma, cryptocurrencies etc. There is always more flash for the buck somewhere else.
On the flip side it is a $billion/year gold mine spitting out $600 million/year in profit. For long term investors, like me, it is a no brainer - buy and hold baby! I am predicting $20/share by mid 2022, if not before. I am predicting $40/share within 5 years. I can wait.