I’ve received several questions relating to Arctic Glacier (AGUNF) and the huge recent run up in price, so I thought I’d provide a quick update. My answer: I don’t know why the huge run up has happened as I haven’t seen any court filings or announcements, but given the stock has traded over 8 million shares in an hour versus about 40k a day for the past week, I’d assume news of the equity distribution from the acquisition has leaked and it’s good news. I’ve sold the bulk of my shares into the run up, but I’m holding on to a small portion just to see how it all plays out. Just my two cents.
Disclosure: long AGUNF
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