Someone dumping today, with such thin depth, small $ value trades can move the price a lot. i.e $30k of trades and the MC is down $1.5mill!
At MC $13.5 mill this does look good value. Not sure why people are so keen to jump ship?
I just keep thinking of KIN, one day on one wants you, the next up 70%. All it takes is the drill bit to be kind...
EGA is in a similar position to KIN in that they are progressing feasibility studies as well as exploration, any discoveries for EGA can add a lot of value. Just need a little luck!
So on a rough day for EGA shareholders, with the SP hitting a new low, it's good to know there is hope and good reason to believe things will get better
EGA Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held