High Arctic Energy Services Inc T.HWO

Zero interest

[colourama]

Just no interest out there for HWO (or HOH) at the moment. Market seems to be discounting HWO's assets way too much at this level.

[Stonksonlyup90]

Pretty clear someone is trying to push this down. Constant down tick on minimal volume at the end of the day.

[colourama]

Certainly seems so - and case in point: A single 100 share lot sold today at close to drop the price by 10%! Now if they can only do that but in the reverse direction, we will be happier.

[BigWillie]

that is if you want nothing else but liquidate at higher price. The way I look at it, this is an opportunity to accumulate, and get the true value distributed as cash dividend for many years ahead. I am not the one ticking it down, but whoever does, is probably thinking the way I do.

[colourama]

I guess liquidity (or lack of it) also creates outsized movement - if we remove Cyrus and insiders shares, there is what, about 6 million shares in the public float?

[Stonksonlyup90]

Yes, roughly 6M of public float (ex Cyrus and insiders) seems reasonable. Of that 6M, there has been roughly 500k traded on the TSX post spin-out. I'm sure there is a fair bit on other alt exchanges as well.