Verde makes the TSX Top % Gainers list againThe national papers in Canada who print the TSX Top % Gainers lists again show Verde Agritech as one of the top performers, today in 4th place versus the 6th place earlier this week.
Looking at the detailed trading data, while the overall average trade size per transaction is in keeping with past numbers, we are seeing a growing number of small trades under 100 shares, aa well as those between 100 and 500 shares. I would suggest this is evidence of some smaller retail investors jumping on the momentum bandwagon, especially after seeing the percentage gains reported publicly and widely this week. Not a huge total volume, but with the limited number of shares on offer (why would you be selling NPK at this point?) this incremental demand is providing additional support to the upwards trend in the Verde stock price.
While we already know the total 2020 sales volume in tonnes, and that the Company met its sales target in terms of local currency valuation, I am hoping for a positive Q4 bottom line, with continued management discipline over production, distribution, marketing and administrative costs so as to maximize the reported bottom line figures.
Only 12 days to wait for those details, and the day traders are welcome to flit in and out on the margin while the long term shareholders continue their patient value accumulation.
Let's see how this unusual week ends up, and a good weekend to all.
Cheers,
S