Post by
StrikeGold on May 13, 2024 3:13pm
Last low priced placement really hurting the share price
I try not to be too critical of the company because I think their geologists and exploration are top notch, but I must say that the last placement that closed in April has really done a number on the share price. It recovered to 14 cents but has tanked ever since.
Doesn't look like shorting is affecting the price, but l would guess placement subscribers getting rid of duplicate shares and knowing they can get more back at 12 cents per their options within a couple of years, as the placement announcement appears to indicate.
Comment by
StrikeGold on May 16, 2024 1:34pm
Was there one or more small cap exploration stocks funds investing in PEX? If so, could there be some redemptions going on?