That was a rough one to watch. The sad part is that the price action is endemic of the entire TSXV complexe these days: MOT, GNH, FYL, just to name a few have all met the same fate of getting hammered on news. I think that SFF will also meet the same outcome soon enough.
It is really sad how this market is being controlled by pro traders going through 01 and a group of 30ish traders at 99.
--Begin Rant --
How the f*&k are companies supposed to grow shareholder value and generate real returns when what we are seeing is essentially nothing more than a morph on high frequency trading that large cap exchanges see? This market is completely out of whack and full of greed. The outcome will not be pretty IMO.
When are regulators going to come down on these "liquidity providers"? The current environment is making it even more difficult for investors to profit [they are actually loosing money for the most part] and companies to operate?
This is completely FU*KED.
--End Rant --