Bullboard - Stock Discussion Forum Jericho Energy Ventures Inc JROOF

Primary Symbol: V.JEV

Energy Oil & Gas E&P

Jericho Energy Ventures Inc. is a Canada-based energy company. The Company is engaged in owning, operating and developing both traditional hydrocarbon joint venture (JV) assets and advancing the low-carbon energy transition, with active investments in hydrogen. The Company’s principal activity is acquisition, exploration, development and production of oil and natural gas fields in the United... see more

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Jericho Energy Ventures Inc > Riddle Alert!

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Post by Tim1234 on Aug 26, 2024 3:50pm

Riddle Alert!

Riddle Alert!

This bullboard has fallen asleep for lack of any news (the silence from Jericho management is deafening lol) ... so here's a JEV riddle that's happening in today's stock trading ... we have a 0.15 bid that is being hit by the market maker (I'm assuming this due to the TINY amounts) ... 500 shares at a time (ie. $75 worth) ... over and over and over again, trading every few minutes.

Why? What is trying to be accomplished here? Is it purely for creating the illusion of activity? Does anyone have any insight here? I've never seen this before. Absolutely fascinating lol.

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Comment by TruthSeek101 on Aug 27, 2024 12:35pm

I also noticed the programmed selling of 500 shares every few minutes over several days, which ususally never happens on a thinly traded stock. It is probably an algo a brokerage used so as to not let the market know how much they were selling. There were some sizable bids in at .145 and .15 to take it. There have been no 500 share trades so far today so maybe they sold out. ...more

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Comment by TruthSeek101 on Aug 29, 2024 11:09am

2 days with no 500 share algo trade sales. Hoping for a good run this fall. Historically when Jericho has had material news, the stock runs. But we need to see the deals and news announced. It has been too long. Do your own DD.

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