I'm not sure really,...no reason for it to be trading where it is IMO. If I'm not mistaken,..Brent was up today as well. All I can say is that volume is very low and this can rise very quickly. Not sure why anyone would sell here. I remain very confident! Someone is going to get a terrific opportunity at these levels.
Its not really trading at that level just one guy got stuck for a 1k share trade way below market. All that matters is where INA.V ended up, flat with a .60x.61 spread, so IONAF should open with a spread about .58x.59 or thereabouts (the conversion rate btwn CAD/USD 1.038xxx now).