RE:RE:RE:Wasn’t a bad day for ….Yeah, it is definitely a head scratcher to still see this stock at the current price. It was a low volume day and TD took advantage of that, crossing shares over at 17.5 cents on the venture to keep it down. On the CX2 the final trade of the day was at 18 cents, but that's not what gets recorded as the final price. One year ago today the share price was trading at 22 cents and heading to 37 cents days later and the stock was nowhere near where it is today in AI growth, balance sheet and revenue. The market surely doesn't always make sense.
Last year the penny stocks had a nice run in February and then the market turned sour for the stock market in general a month later which lead to a bear market in the penny stocks for the last year. The majority of all CSE and TSXV stocks are currently trading at or near 52 week lows; including DM. This time last year was the climb for many juniors that reached their 52 week highs. I'll admit many juniors had no business being up where they were one year ago, but it looked to be a coordinated push by the instiutions last year as many juniors in all sectors took off to ridiculous highs.
I'm fairly certain we don't see anything like that this year, but It's definitely a nice time to pick away at a few. The institutions will also see value in a few select juniors and start taking larger and larger positions too. The better stocks should rise to the top and DM is certainly one of the better stocks to buy on the TSXV at these prices. I'm sure insitutions are seeing that, as the numbers are there.
We'll most likely see individual stocks and sector runs in the juniors here and there throughout the year, but probably not an indiscriminate run on the entire junior market like last year IMHO. DM is definitely set to be one of those stocks that should start to move and see a valuation that more appropriately reflects its current balance sheet, revenues, growth and future growth. If the market truly is forward looking than DM's share price should climb substantially... at some point.