Total volume today was 1.64 million shares !But STUD still ended up flat for the day. If you're wondering where I got this number from, it is the volume on the TSX and the volume on a couple of other secretive stock exchanges in Canada. These obscure exchanges had over 1 million shares traded today. One has to wonder what kind of shenanigans are going on on these opaque exchanges, but I for one are not confident that everything is lawful on those exchanges.
I don't know what's been going on with this stock but either it is being manipulated in a big way or we have a couple of stupid retail shareholders or even maybe institutional shareholders who are too stupid to wait for the shareprice to go up before they decided to dump a few million shares at .06/ 065 share in the past month.
It could be institutional holders that are capping the stock at .06 in order for other shareholders to get totally freaked out and decide to dump their shares for such low prices.
The Sprott junior miners ETF has gone up about 56% since it bottomed a few weeks ago at 16.39/share. Now it's at 25.63/share..
In that same time frame, Stallion has gone up 0% . It even went below it's 52 week low and made a new low at .055 ! But for comparison sake I am using the .06 share price as the starting point.
If STUD just mirrored the gains that the Sprott uranium juniors did , it would be trading at .095 /share now..
Anyways, the 1.64 million share volume is showing that there is still a lot of interest in this stock. Maybe the available shares at .06 or .065 will dry up soon and the share price will skyrocket up soon...