iGen Networks Corp (IGEN)

[reindlll]

I said it before and I say it again. The decline of IGEN´s share price is mainly a general thing of OTC stocks. Just compare it to other well OTC plays that communicate with it´s shareholders on a more regular base as IGEN does (eg. G*A*X*Y had great news but anyway is just 2,5% worth of its recent highs earlier this year (see below); “Galaxy Next Generation Reaches Highest Quarterly Revenue in Company History with 43% Growth to $1.7 Million Revenue and 2nd Consecutive Quarter of Positive Adjusted EBITDA for its First Quarter Ended September 30, 2021”)
- G*A*X*Y: Current share price = 0.0073, 52 week high = 0.282, 2.6% worth now of it´s 52 week high
- O*P*T*I: Current share price = 0.0117, 52 week high = 0.44, 2.7% worth now of it´s 52 week high
- P*A*S*O: Current share price = 0.0029, 52 week high = 0.032, 9% worth now of it´s 52 week high
- T*P*T*W: Current share price = 0.0155, 52 week high = 0.1, 16% worth now of it´s 52 week high
- ….
Sure there are few that may outperform the stock examples above but I think it shows the current long lasting mood on OTC.
By the way IGEN outperforms the examples above although they are not communicating with the shareholder on a very regular base except the form 7´s.
- I*G*E*N: Current share price = 0.0043, 52 week high = 0.0243, 18% worth now of it´s 52 week high
The charts of the stated stock look very similar. So I would assume it as general OTC thing.
Draw your own conclusions.