More Downside To come in this stock. Liquidated my entire long position and have gone short. Over 300 million shares outstanding, negative EPS and an ATM offering hanging over the stock valued at 375 million.....more dilution. Halving approaching, I see this stock heading to $2.00 - $2.50 CDN within the next month. This projection is in part based on the inevitable upcoming, short term correction in Bitcoin from the current ATH.
I see no catalysts in the next six months to move this stock. Bitcoin is at ATH's and the stock can barely hold above $3.00. I am planning to add to a Bitcoin ETF after the short term correction to truly leverage the move in BTC....miners aren't the space to be invested IMHO.
GLTA