Like most junior miners, I'm expecting this stock to have a pleasant announcement up its sleeve - timed a few weeks after listing, so I believe this stock has further to run.
While it is relatively new, and there are few people trading it, there is always the opportunity for the stock to rally on the fact that there are so few sellers. The illiquidity of a new stock can be a significant driver for the SP, while others slowly become more aware of it. Yesterday, there was a point where there was only one seller in the market 11% higher than the last trade.
I have now moved my intended exit price much higher following the recent SP movement. For me, this has gone from what we initially a short-term play, to something I want to hold for what must be coming in the next month or so.
MRJ Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
