Volume surge in Metanor shares is highly bullish in my view. The way the stock acted late last week, I could see it breaking out above both the 50 day moving average (68 cents) and the 200 day moving average (72 cents) easily by end of Feburuary, given continued us$900 or better gold prices. As shown Friday, gold does not even have to have an up day for metanor to move at this point. It is moving on its own volition.
re price and volume, you can see the new liveliness in the daily volume plus price. The bullishness is also starting to be reflected on the OBV (on-balance volume) on this weekly chart, where you see it turning north here quite recently after a fairly long slide.
This is natural since the chart is a reflection of what is happening in trading, rising prices on higher volume. I see that the warrant volume picking up nicely as well.
stockcharts.com
Thanks for reminding us of the potential on this play, Koan.
I have stayed long on the stock and am now in the green.
Attached is the price history for Metanor stock and warrants, Dec. 29 to now.
Regards, Michael
Price History for Symbol: MTO-X
Last: .560 Last Trade: Feb 6, 2009
Date Close High Low Volume
Feb 06 0.560 0.560 0.460 899,015
Feb 05 0.440 0.470 0.420 477,000
Feb 04 0.420 0.440 0.405 88,800
Feb 03 0.420 0.455 0.405 62,200
Feb 02 0.450 0.450 0.400 75,500
Jan 30 0.435 0.440 0.410 58,700
Jan 29 0.415 0.415 0.400 29,500
Jan 28 0.390 0.415 0.390 95,343
Jan 27 0.390 0.415 0.390 42,300
Jan 26 0.400 0.440 0.385 119,450
Jan 23 0.425 0.425 0.395 72,500
Jan 22 0.385 0.395 0.370 42,500
Jan 21 0.375 0.395 0.375 37,870
Jan 20 0.400 0.410 0.380 11,352
Jan 19 0.375 0.400 0.375 12,400
Jan 16 0.400 0.400 0.380 43,320
Jan 15 0.400 0.400 0.380 36,800
Jan 14 0.375 0.400 0.375 53,100
Jan 13 0.380 0.380 0.380 0
Jan 12 0.380 0.440 0.380 76,916
Jan 09 0.430 0.430 0.410 84,149
Jan 08 0.450 0.475 0.440 41,000
Jan 07 0.445 0.480 0.440 43,500
Jan 06 0.470 0.470 0.430 62,000
Jan 05 0.460 0.460 0.410 88,500
Jan 02 0.470 0.480 0.450 108,550
Jan 01 0.445 0.445 0.445 0
Dec 31 0.445 0.445 0.415 129,300
Dec 30 0.440 0.445 0.435 63,504
Dec 29 0.410 0.440 0.395 145,200
$$$$$$$$$$$$$$$$$
Price History for Symbol: MTO.WT-X
Last: .210 Last Trade: Feb 6, 2009
Date Close High Low Volume
Feb 06 0.210 0.225 0.180 63,000
Feb 05 0.190 0.190 0.150 76,000
Feb 04 0.140 0.140 0.140 20,000
Feb 03 0.140 0.140 0.135 27,000
Feb 02 0.140 0.160 0.140 12,500
Jan 30 0.165 0.180 0.165 24,500
Jan 29 0.160 0.160 0.160 5,000
Jan 28 0.165 0.165 0.165 10,000
Jan 27 0.165 0.165 0.160 20,000
Jan 26 0.175 0.175 0.165 20,000
Jan 23 0.165 0.165 0.160 70,500
Jan 22 0.160 0.160 0.160 0
Jan 21 0.160 0.160 0.160 85,000
Jan 20 0.160 0.160 0.160 30,000
Jan 19 0.180 0.180 0.180 0
Jan 16 0.180 0.180 0.170 12,000
Jan 15 0.180 0.180 0.180 0
Jan 14 0.180 0.180 0.180 20,000
Jan 13 0.165 0.165 0.165 2,000
Jan 12 0.250 0.250 0.250 0
Jan 09 0.250 0.250 0.250 0
Jan 08 0.250 0.250 0.250 0
Jan 07 0.250 0.250 0.250 0
Jan 06 0.250 0.250 0.210 24,000
Jan 05 0.250 0.250 0.190 64,000
Jan 02 0.200 0.200 0.190 70,000
Jan 01 0.160 0.160 0.160 0
Dec 31 0.160 0.160 0.160 0
Dec 30 0.160 0.160 0.160 0
Dec 29 0.160 0.160 0.160 25,000
|
