Why would they do a Reverse Split with only 5.1 million shares outstanding?
It seems like a Forward Split would be more appropriate because it would increase liquidity.
And they just announced a 5 cent profit per share so technically they are profitable unlike most of the other miners.
I owned 40K of this earlier this year but I sold it at a modest profit. It did not seem like it was going to do anything. And I like to sell Call options against my positions for cash flow. But this one does not have options.
But now that they have a profit for one quarter. That's Big. Maybe I will look a little closer at this one and take a second ride.