Last day before Q3 results tradingSo there we go, the last trading day before we get to see the actual Q3 results (July 1 - September 30 2021), which are to be released before the market opens at 9:30 am on Monday November 15, 2021. Based on the last quarter release, look for the statements at 7am, which is when SEDAR opens for business.
Summary of November 12th trading
238,826 shares traded to day representing about about 0.5% of the Company's current share float. The total value of the shares traded was $369,881 which give an weighted average selling price of $1.549 over the day. The shares traded as low as $1.47 and as high as $1.62, with a last trade at $1.59.
With 196 separate transactions today it was nice to see the average trade at over 1,000 shares each.
The largest buying brokers were Pershing, National Bank and Scotiabank representing about 55% of the shares bought today.
The largest selling brokers were RBC, TD Securities and Questrade representing more than 67% of the shares sold today.
Verde last sold at $1.62 on March 12 2014 and then fell to a low of $0.13 on February 13 2016, before eventually recovering to hit $1.62 on March 15, 2021 on its run to its recent high of $1.97 at the end of March 2021. Since then It has retested a low of $1.08 in June 2021 before its current rise back up to over $1.60.
With the expected confirmation of outstanding Q3 results on Monday, I would argue that the conditions would then be in place to support the run up to the $2 barrier and beyond. Committed current shareholders appear to be ready to add to their current holdings if we do indeed get good news in the coming days, giving interested investors who have been sitting on the sidelines a competitive environment in which to be trying to establish an initial holding.
See you Monday!
Cheers.
S.