GMXR has about 54% in short interest. Should fuel a rally if and when it is triggered by some strong news. Cold weather itself is not doing much to this stock. It has to be something more than that, IMO.
Every NG stock I own is at or near its 52 week high except GMXR and it isn't even close to it, nor even to its recent highs.
I understand it's a small cap stock and easily manipulated but how long can this game last. At some point the sum of its parts are so much greater than the share price represents that something has to give.
With much of the country frozen in ice the widely known NG stocks will likely be making new highs.
What about the lesser known plays, especially this one sitting in a sweet spot? Will she pop 20%, 50%, or more? Or, will she languish around 14 forever due to some fool game?
The value is there and it's all about money. I say she takes off pretty soon.
Positive close. But volumes seem weak still. Struggling to get out of this trading range. Hope it breaks out soon. Well results and earnings report may be the key. NG will continue to be volatile I think.