Almonty’s stock tumbles as lock-up expiration triggers massive sell-off fears
Almonty's stock experienced a volatile day on November 10, closing at $7.15 with an unusually high volume of 1,740,592 shares traded. This surge in activity signals investor concern, as the stock market enters a phase of technical price discovery following a significant lock-up expiration.
Starting November 11, early investors and insiders are free to sell their previously locked-up shares. This event, independent of Almonty's operational performance, could increase stock market supply and potentially put downward pressure on the stock price. The coming trading sessions will reveal whether this is a short-term correction or the start of sustained downward pressure.
The lock-up expiration allows around 12.2% of insider holdings to hit the market, representing a substantial wave of additional shares. This flood of previously restricted shares is expected to cause intense selling pressure and sharp price swings. Trading volume is surging as investors closely monitor the situation to gauge the stock's short-term trajectory.
The lock-up period for numerous Almonty financial instruments has ended, enabling insiders and early investors to freely sell their holdings. The market is currently in a state of technical price discovery, with the coming days crucial in determining Almonty's near-term stock performance.
