Again, I'd like to remind everyone here that recently there was the capital raise performed at around $5.65/sh or so and IGC raised in excess of thirty million dollars.
This means that 30 million dollars worth of stock was purchased directly from the company at over $5 per share and proceeds used to fund operations.
It was that very offering that forced the shares to be sold down from $12 to the mid $5's which makes perfect sense seeing as how that's where the company did their offering.
Subsequent to that, the shares were delisted by the NYSE for reasons clearly stated by the NYSE.
Months passed and IGC languished, trading below $0.45 a share.
Once the NYSE vetted IGC's balance sheet, they allowed them to be re-listed on the NYSE.
So you will notice that now , many that got screwed over on the downdraft, due solely to the NYSE's decision to de-list , are now averaging down on their positions and that is why the share price is slowly stair stepping higher, especially having to contend with the sell pressure from those that had been purchasing sub $0.45 shares and came to market for profits.
Clearly volume indicates that the bottom has been in and institutional investors have taken over.
The warrants just appear to be the cheapest way to play this but I'm trading both the stock and the the warrants - simply trying to time short-term bottoms and short-term tops and profiting by Trading between them, versus simply buying and holding and dealing with all the stress and volatility in not realizing gains when presented
Market Data 
Markets 
AI
