Canamex up 2261.54%
Canamex in the US per Fidelity at 11 a.m. Eastern time was up 2261.54%, up to a hefty price of US 0.0614 per share on a volume of 189491 shares. Fidelity does not show the Canadian trading. For perspective the approximate value of the newly purchased shares at the current listed markedly elevated price would be US$11,635 by my calculations — in other words, many shares, not many dollars.
I write this note with wry humor for those who know the background of the company, who, like me, probably have multiple conflicting biases. I am stuck in shares because in the US I have a hard time getting out of the certificate. I see the company as unusual, what with interesting PM properties plus crypto stuff +. I would not recommend considering it negatively, positively, or neutral. I offer no opinion. I could imagine myself, if in other circumstances at a different stage of my life, buying shares back today after having sold them for a tax loss. (How’s that for not taking any responsibility and being noncommital?)
It might be reverse split????
The thrill is fading.
At about 11:25 ET Canamex as CNMXF is merely up 330.77% to 1.12 US cents per share on volume so far today of 193,491. Those 193,491 shares obtained in this morning’s buying binge (so far) if that’s what it was at the current listed price would be currently worth US$2168.10.
My takeaway is the micro are getting attention or maybe beginning