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The Grandich Letter(Editorial) reports on Formation Metals (TSE:FCO) share price since the recent news release on their proposed $80 million equity financing.
The Grandich Letter(Editorial) reports on Formation Metals (TSX:FCO) share price since the recent news release on their proposed $80 million equity financing.
The editorial is quoted as saying:
FCO’s average daily trading volume has been just over 60,000 shares since the financing announcement – hardly the hallmark of institutional trading. This (again, to me) is indicative of relatively light, primarily retail trading with perhaps some key investors deciding to sell now with the hopes of participating in the financing to get a warrant along with their shares.
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