The stock in the last couple of weeks has just tanked - any reason for this? It's been so drastic the drop so I'm curious. I have <$1k invested but super curious to know what's happening.
RHC is down 61% YTD and 75% in a year now. Recent news includes an economic partnership with Sparrow Hawk Resources, a $6M equity issue and an announced offtake agreement. It also issued shares for a services contract. Thanks he drop likely relates to the dilution to shareholders of numerous new shares issued at very low prices. When a company needs money, of course, it needs to sell more shares at 8c than it does at 40c in order to get the same amount of money in the door. But also, a company with a market cap of just $22M can see dramatic price swings pretty much anytime for any reason.