An interesting trading dayHello fellow Verde shareholders.
An interesting lesson today on stock-price intra-day trading volatility.
We opened at $1.66, traded down quickly to $1.52 by 11 am, then gradually through the day traded upwards to a high of $1.79 by 3:30 pm, and have now just closed out the day at $1.75.
Just shy of 121,000 traded with a weighted average price of $1.655. Scotia Capital was the biggest single broker buying (46%), and also one of 4 brokers each selling around 12% (total around 49%). Scotia's average buy price was $1.64 and their sell price was $1.598, so not such a good day for them on a net basis - sell low, buy higher is not such a good strategy.
While your timing might have seen you buy shares at $1.52 and sell them at $1.79, long term shareholders were better to sit on the sidelines and be happy at the $1.66 to $1.75 swing in the share price today.
I hope everyone has a great weekend.
S.