The share price is not quite at the 'in the money' price of $0.95 for the warrants, so a large price movement upward in the warrant would create a larger than acceptable premium over the shares. Once the share price gets to $1.50 and beyond, the premium on the warrant to the share price will stabilise and become less volatile. I would think that the share price less about $0.50 would be the likely warrant price.

At this price level, it is frustrating to see the share price move, and the warrant price remain static.

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