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Tocvan Ventures Corp C.TOC

Alternate Symbol(s):  TCVNF

Tocvan Ventures Corp. is a Canada-based early-stage natural resource company. The Company is engaged in the acquisition, exploration, and, if warranted, development of mineral properties. The Company has two projects, the flagship Pilar Gold Project and the El Picacho Gold Project in the Sonora State of Mexico. The Company’s flagship project Pilar Gold is located approximately 130 kilometers (km) southeast of the capital of Sonora, Hermosillo. The project is fully road accessible and takes approximately two hours to drive to from Hermosillo to the town of Suaqui Grande on paved highway. From Suaqui Grande to the project site is approximately 30 mins on gravel road. The El Picacho Gold-Silver property is interpreted as an orogenic gold system within the regional Caborca Orogenic Gold Belt. The project is 140 km north of Hermosillo and totals 24 square kilometers (km2).


CSE:TOC - Post by User

Post by lifegoesonon Jun 04, 2021 11:48am
82 Views
Post# 33329966

Was this a liquidity pullback...?

Was this a liquidity pullback...?I have watched the trading patterns of a lot of companies with tight floats and low number of shares, one common feature is that they are volatile on both the upside and downside. Here is my theory on why the price pulled back with very low trading volume. TOC has about 28 M shares, so when the price climbed and climbed to $1.50 there were fewer buyers since I believe the price was clearly overvalued given the progress made over the last year, and given the last set of assays just released. How does it become more attractive for people to buy...?  Day after day, dime by dime, the price pulled back with very low volume. Everyone was watching and still not willing to buy, but yesterday when the price pushed near the $1 critical price point, bids began to come back in.  Today a few more buyers. Hopefully people who bought higher will begin to average down because the price point is much more attractive, i.e. buy more shares at cheaper prices. There hasn't been a press release regarding warrant exercise or more results. Not sure if my theory is correct, but I do like the sound of it. One last statement, thinly traded companies with low number of shares can quickly rebound.
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