By the way, folks, no one is commenting that today's volume, 776,800 shares, is the best QTNT has had...EVER!
OK, OK, it's easy to get higher volume from a stock when it's at .20 as opposed to when it's at $3. Even so, if you multiply share price by volume, you'll see that today was one of the most active days QTNT has ever had. Back on March 20, for example, QTNT had what was then its highest volume ever with 42,700 shares. The closing price was $3.18.
Now,
42,700 * $3.18 = $135,786
Today we had
776,800 * $0.20 = $155,360
This comparison doesn't mean that QTNT is some sort of super-healthy stock right now, but I would say that it means people are paying nice attention to this stock. Hopefully, it's all a sign that QTNT is breathing all right after falling from the sky with no apparent parachute.
The rest of this week should be interesting--I'd like to see a recovery up into the 0.35 - 0.40 range.
Chris |
