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Calibre Mining Corp T.CXB

Alternate Symbol(s):  CXBMF

Calibre Mining Corp. is a Canadian mid-tier gold producer. The Company has a pipeline of development and exploration opportunities across Newfoundland and Labrador in Canada, Nevada and Washington in the United States, and Nicaragua. It owns several operational open-pit and underground mines, two milling facilities (the El Limon and La Libertad mines), and a portfolio of exploration and development opportunities in Nicaragua, Central America. In addition to its mining operations in Nicaragua, it also engaged in the exploration and development of several concessions at its 100%-owned Eastern Borosi Gold-Silver Project (EBP), which includes the Eastern Borosi Mines (EBM). It holds a 100% interest in Fiore’s Pan Mine, a producing heap leach gold operation. It owns the adjacent advanced-stage Gold Rock Project and, the past producing Illipah Gold Project in Nevada, as well as the Golden Eagle project. It also owns the advanced-stage Valentine Gold Project in Newfoundland and Labrador.


TSX:CXB - Post by User

Comment by edxon Jun 09, 2023 6:18pm
167 Views
Post# 35489434

RE:Volume

RE:Volumehttps://www.stockwatch.com/Quote/Detail?C:CXB

Last trade of the day was a 2.4 million share cross trade. I didn't see the 1.5 million. 

Cross trades are often not real trades,  rather someone with lots of shares moving them from one account they control to another. Sometimes they'll move the share price to something favorable for the trade if the stock doesn't have high liquidity and they can buy or sell enough to move the price. 

Could be a real trade too if both buyer and seller use the same broker and the price movement was the broker getting market price to the agreed upon transaction price. But for real trades,  that tends to be more typical when there's large forced selling to bring the price down to the level the buyer was willing to pay. 

So I'd guess this was someone moving shares from one account to another and wanted to do it at a given, higher than market price. 
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