We would be there this morning if not for the US down 2% over night...bummer.
However all those shares sold this morning about 500,000 of them (shorts mostly), have to buy them ALLLLL back and the BUY volume is much than Ask and there is no chunks to buy it back. Hence:
This stock is a short squeeze stock, look at its past movements.
Fundamentals are sound. Check. Valuation is half what it should be. Check. Growth at 35% check, Canadian Oil sands will be a huge windfall. Check. Profit miss was only 5-10m !!Overdone.
The squeeze is delayed but friday all the shorts will be very nervous holding as it has opened $2 higher in the past !
Peace:-)
TSE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held