ECU seemed to have pretty good performance compared to peers up until December last year when the expected tax loss profit taking took place, if you compare it with Panther, which picked up the volume after the New Year, ECU didn't, suggesting either the volume went elsewhere or it fell short, or both.
Warrants on ECU are available which is'nt the case with Panther, it's priced as a separate entity on a diifferent code, but warrants have an impact on the share price. Is there any aspect of volume trading of warrants that could end up in the picture for the volume trading of the stock? I ask because I've been in this position before with CDE, to all intents and purposes killed by rampant shorts and traders of their derivatives. CDE stock also ended up priced with the warrants, easy skip between the two maybe, I don't know, I hate derivatives; it makes things too complicated.
Check out ECU volume on swissquote.ch, which you can without being a member, it doesn't look anything like Canada, and they say it's accurate (I checked with CDE- same problem). CED took a hedgefund to court as he/they were trading CDE short on shares acquired in a placement, which is illegal, but the short position doesn't seem to have been covered until they did a reverse split, sunny days thereafter.