Aug 18, 2018
M2 Cobalt share price drops, but its management & directors are buying more stock
M2 Cobalt share price drops, but its management & directors are buying more stock
Although the commodity markets have been soft sector-wide, M2 Cobalt (MC.V) saw approximately 30% of its value evaporate when the share price fell back from approximately C$0.40 to the current level of C$0.28. There was no company news, and a relatively moderate amount of selling (less than 1M shares were traded since August 7th) reduced the market cap by in excess of C$6M.
A sign for the M2…
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