Petro Rio S.A. ADR fka HRPTY

[robnhood]

Bassanio you are wrong when it comes to the liquidity of a stock.
Big funds and large investors won't touch stocks with tiny floats simply because they have no liquidity.
Take a look at all the heavily traded stocks on any exchange. It is the ones with huge floats and therefore tight spreads.
Tiny float will give large spreads between bid and ask scaring traders and investors away.
Tiny float makes it hard to buy and hard to sell without large price movements.
Large share floats usually have a large number of shareholders with many different viewpoints and time frames allowing easy enter and exit at prices close to the previous sales.