Incredibly Bullish Day for ArisSay whaaaat? Yes folks it was, let me explain.
The stock was down 3.5%, which is about right after roaring on Friday. What made this day exceedingly bullish is ARMN trade volume on the NYSE was over 2 million shares. Toronto volume was no slouch at 1.3 million shares exchanging hands.
The NYSE rarely (maybe never) has exceeded the Toronto volume. I looked back several years where GCM was trading on the Toronto and the OTCBB board. US based volume was NEVER been as high as today's.
I view fresh money piling into this stock is required to get it should be with a US market cap of $1 Billion (as of today its US $827 million). More market cap growth to come when the Segovia expansion project comes online in early 2025.
There's an old Wall Street saying that states "volume preceeds price". Let's hope that applies here.