NEXT

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I’m really curious about anyones thoughts on NEXT. Really large jump in value today?

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Asked on September 8, 2020 5:32 pm
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I imagine you're talking about NextSource Materials? CSE:NEXT.

Doesn't seem to be any sort of news as far as I can tell.

Keep in mind, this is a stock that is 4 cents. They had around 618,000 shares trade hands today.

618,000 X 0.04 = $24,720

This is only around $25,000 in actual cash. This is a stock that really doesn't have a lot of liquidity.

Considering that was double their average volume, you're looking at a stock that trades around $12,500 in capital a day. This is a liquidity nightmare, unless you're taking a very small position. There is a very good chance that if you took a reasonable position in the company, you wouldn't be able to sell your shares when you wanted to, which spells massive trouble.

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Posted by Dan Kent
Answered on September 8, 2020 7:32 pm