Verde Agritech Ltd T.NPK

Extreme Overbought conditions

[Moonshot13]

Tread carefully...extremely overbought on every metric with low volume. Recipe for rug pull soon enough.

[PedroPistacio]

And extreme levels of potential for further growth. 

[ICT1111]

Accepted that the rise has been a rapid one but you say low volumes...... there are 50m shares out there and CV ownes 20m of them and with no real institutional holders thats only 30m in private hands.... 300k traded today ...... 1% ....... but what percentage of the 'free float' is that? I reckon a high number of those shares in fairly sticky hands; granted, during such a run up some will

[Celt1967]

Thanks ICT, I agree with the sticky hands assessment. I recall 15Stanmore sharing with us 8n Feb 2021) the following figure as part of the Verde Shareholders Group that the total VSG Holdings was 9,127,000 shares. Knowing these were well established holders I can only imaging this number has grown (Stan has grown his holding up to about 1m shares since Feb 21) thus making the VSG holding circa 30%

[Celt1967]

[Celt1967]

Low volume? This is massive volume for Verde. Its average volume over the past ten years has been about 1/10th of today's. What volume would be more appropriate? Just curious to understand your thinking... Thanks in advance.

[rodrabal]

Are you kidding me,  you must have sold your shares and now hoping for a pull back to get back in. This company is only valued at 315 million market cap. Most junior mining companies have way higher values that Verde and they have nothing but a hope going for them. They have an NPV of 50 dollars and that’s over ten years old(an updated NPV is due shortly and chances are it will be higher that

[Keecar]

Totally depends on the type of investor you are.  There is a large number of day traders that will dish this off now that it is overbought.  It will pull back but that doesn't mean it will stay down so it isn't wrong to expect a pullback.  For the long term investor,  ride the waves and hold on as this has all the fundamentals to go higher.   go NPK go!

[retiredcf]

And he's been bashing NPK ever since. Another one for the ignore bin. GLTA