Verde Common share tradingThree days into February and we have seen the pace of trading in Verde shares slow down - only 104,730 shares traded in the last 3 days from a low of $0.98 to a high of $1.19. Not many shares on offer until you get over $1.20, so anyone trying to add to their holdings or create an initial position very quickly move the stock between $1 and $1.20. For example the shares closing at $1.18 today was a 15.7% increase over the closing price yesterday.
Looks like some of the $1 March 2021 warrant holders are trying to solidify their gains at prices between $1.20 and $1.50, but so far there have been few buyers willing to help them out. Likely as March 12 approaches they will be more willing to lock in smaller gains, rather than have the warrants expire worthless, as did the prior series in 2020.
Roll on the 2020 Annual Report release and MD&A - looking to see what the final Q4 sales and production numbers proved to be.
Very happy to have taken a position in Verde in 2020 and I am looking forward to great things happening to reward all common shareholders in 2021.
Cheers,
S