Welcome To the Maudore Minerals Ltd HUB On AGORACOM

Maudore Minerals Ltd. (TSX-V: MAO) owns 100% of the Comtois Gold Project and is focused on developing this resource.

Free
Message: Price movement

Price movement

posted on Dec 19, 2009 10:16AM

Maudore seems to have a very interesting price movement. It seems to go in large steps almost on a daily basis, essentially between $4-$5 over the past week or so. There is often a large difference between the bid and the ask. There will be no trades for hours and then suddenly there will be a jump in either direction.

I guess most of this is explained by the very small share float of about 5M shares and, I guess, the basic lack of people interested in trading.

I have a core position but have also traded a small number of shares (500-1,000) on a daily basis. Because of the large steps in price, it is possible to make reasonable money with day trading. Over the past week I have twice been able to buy at $4.00 and sell at $4.40 within a matter of hours.

Share
New Message
Please login to post a reply