Thought I would run the numbers today to see if I could justify the drop in PPS based on trading activities. These are my results:
Total Number of shares traded (at Ask): 402,800 (44%)
Total Number of shares traded (at Bid): 360,000 (17%)
Total Number of shares traded (Between): 150,400 (39%)
Total Dollar Value of Trades (at Ask): $616,300 (Ave. PPS: $1.530)
Total Dollar Value of Trades (at Bid): $539,500 (Ave. PPS: $1.499)
Total Dollar Value of Trades (Between): $228,700 (Ave. PPS: $1.521)
So I'm not convinced that the PPS should have retreated by nearly 19% based on trading activities.
The fact that the PPS fell AT ALL when approximately 20% more money was poured INTO the stock than was take OUT is amazing.
Oh well, life on the OTC.
Good day all, Mosconiac