This TSX launch and drilling marks the beginning rather than 'where things ended up' as some purport.
The prior ticker traded approx. 6.6 million shares from November to COPR's debut, It looks like much of those old trades were well below .20, due to the U.S. CPPMF ticker effectively being "sell only."
At least that CPPMF ticker served as a disposal mechanism, theoretically removing some sell pressure that built up during the past 4 years, so yesterday's initial action with only ~500k shares was not so bad when taken into context. Things should stabilize as the COPR symbol is activated across trading platforms and has the advantage of being on a senior exchange.
Whoever or whatever entities were on the buy side of those CPPMF trades (Nov-August) are not looking at losses. Ideally they are long-term holders.
| CPPMF | volume |
| Nov | 41,158 |
| Dec | 1,536,712 |
| Jan | 379,925 |
| Feb | 594,264 |
| Mar | 818,824 |
| Apr | 1,087,635 |
| May | 1,104,412 |
| Jun | 552,192 |
| Jul | 468,032 |
| Aug | 8,230 |
| | 6,591,384 |