An Interesting WeekIn spite of some good news, the convergence of day traders and the the junior markets getting hammered has left the SCRN sp stagnant. Imho the important piece of the last 3 days is the increasing level of activity. Interest may be growing???
The number of trades moved up from only 30 trades on Wednesday, to 64 on Thursday to 113 yesterday. There have been other 3 to 4 day patterns like this recently but they have tended to drive the sp lower. In this case the opposite is true. If Monday and Tuesday continue this pattern maybe this ongoing negative sentiment will finally have been left behind.
Regardless, the no. of tests carried out in June may represent the levelling off of testing at ~ 18,000 to 19,000 tests monthly. With that is a predictable and consistent revenue stream for at least the second half of this year. That's great news! As we are also seeing with the Calgary Stampede, opening to normal isn't the normal of the past as they require entrants to have proof of vaccination or proof of negative test or on-site rapid antigen test for entrants .....all things SCRN has as part of their operations.
More than any month thus far, July may represent the moment of reckoning for ScreenPro ....and so far there is nothing to suggest the way forward won't be a positive one.
GLTE ....have a great weekend!!!