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Colonial Coal International Corp V.CAD

Alternate Symbol(s):  CCARF

Colonial Coal International Corp. is a Canada-based metallurgical coal development company. The Company’s principal activities include the acquisition, exploration and development of coal properties located in Canada. The Company is also engaged in the acquisition of Watson Island, located just outside of Prince Rupert, British Columbia, for the purpose of developing a seaport terminal and supporting an industrial park. Its Huguenot Coal Property is a coking coal project comprised of 17 coal licenses covering an area of approximately 9,531 hectares (ha) located in the Liard Mining Division, northeastern British Columbia, approximately 620 kilometers (km) north-northeast of Vancouver, close to the provincial boundary with Alberta. Its Flatbed Coal Property is a metallurgical coal project comprised of eight coal licenses covering an area of approximately 9,607 ha located in the Liard Mining Division, northeastern British Columbia, approximately 645 km north-northeast of Vancouver.


TSXV:CAD - Post by User

Post by Canadian0620144on Nov 01, 2021 2:44pm
182 Views
Post# 34074212

Oct 1- 31 New higher average price $2.57 on 8.5ml shares

Oct 1- 31 New higher average price $2.57 on 8.5ml sharesCAD: Today Nov 1st current average price is $2.91 on just over 200K shares. CAD continues to move higher on better monthly volume traded 8.5ml shares in October all at an average of $2.57 for the month with closing price of $3.00.  September trade average price was $1.28 on 7ml shares. Oct CAD hit a new all time high of $3.73. CAD seems to have a very small trading float its getting better but still hard to buy and sell larger blocks of shares anything over 15K shares has a sizable effecte on daily share price.   Bid Ask spread remains elevated so not a stock for day traders and flipers. Oct was a very good month as the higher price and volume confirms shares are being accumulated at higher prices. More volume at these levels will increase the average weighted price and bring in new share holders. The lack of news no leaks and insider buying or selling remains a positive. Speculation regarding any sale and the target price remains just a guess. Most believe min $2US - $3.50US per tonne on +695ml tonnes. Last year the speculation was on a min $1US a tonne bid that was rejected. 
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