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Therma Bright Inc V.THRM

Alternate Symbol(s):  TBRIF

Therma Bright Inc. is a Canada-based company, which is a developer and partner in a range of diagnostic and medical device technologies. It focuses on providing consumers and medical professionals with solutions that address medical and healthcare challenges. It is involved in developing, acquiring, manufacturing, and marketing proprietary healthcare and medical devices for the consumer and institutional marketplace. Its product offerings include Covid-19 diagnostic test product line, such as AcuVid COVID-19 Rapid Antigen Saliva Test and AcuVid COVID-19 Rapid Antibody Test; Sores & Bite Inflammation Therapy product line, such as InterceptCS Cold Sore Prevention System and TherOZap, and Muscle Pain & Blood Circulation Health Therapy product line, such as Venowave, which is a circulation booster designed to improve circulation in the lower extremities. Its products include Benepod, Inretio, AI4LYF, Invixa and Instatin, and others.


TSXV:THRM - Post by User

Post by Smokey1958on Apr 07, 2022 8:54am
236 Views
Post# 34583598

Patience

PatienceAs hk suggested patience is about the only thing left to do. There will always be some who will run out of that and thus provide some semblance of opportunity for the day traders. It's interesting to note though that shorting of THRM stock has dropped considerably. The short reports for March 15 and March 31 were 1.22 million and 347,000 respectively.

While insiders aren't buying, they're not selling either!

As of yesterday, Morningstar's Fair Value sp is $.31 so even without approval THRM is significantly undervalued. At this stage it is not considered to be significantly overbought and overvalued until $.90. The 20 Day Moving Average, a shorterm indicator, from Barchart is a BUY while their overall outlook has moved slightly from a 100% to an 88% SELL. The resistance levels are crammed together between $.185 and $195 which suggests the sp could snap beyond $.20 quite easily. The greatest support is also above $.18 which indicates the sp may have finally bottomed out.

Decent news all around as we patiently wait for the best news ....GLE!!!
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