Post by
Nextlegup on Feb 18, 2023 11:36am
Base has been establishing nicely…
With a public float of approximately 210 million shares we've seen a significant turnover in the public float...Since WELL hit the recent low of $2.58 back on December 23, it has traded 52,694,944 shares by my calculations...A decent base for higher share price.
No question, it's always nice to see a little consolidation from time with a little profit taking to help solidify the base, but considering the prospect of decent Q4 numbers I think investors and speculators are likely going to continue to accumulate rather than sell at this point.
The fact that the company is trading at half the level of its peer group suggests further upside