Post by
2Biezz on May 27, 2014 3:21am
low volume
Hi guys, I am following this stock recently but have no position yet..I'm wondering, with about 150M shares outstanding, the trading volume is very low...Just after the NR, there was a volume of about 30.000 shares...I think this is a very promising company, but were is the lack of interest coming from? And if there are 5M shares shorted, with this daily-low-volume, this is going to fly when the covering happens! But why so little volume??
Comment by
2Biezz on May 27, 2014 3:35am
ok...correcting myself here :O(... I see that trading on the TSX gives low volumes, but trading on the AMX gives the volumes that you will expect for a promising company!
Comment by
EdgarL on May 27, 2014 8:12pm
It's fine to buy it on the TSX as long as you're not trying to day trade this stock. This is one of the most undervalued gold mines there is. Because of low cash costs and very high IRR even with low gold prices, it should be double this price. Production starting this year so we will see it kick in before long.