Fundamental catalysts are limited, but liquidity trends in OTC markets may offer upside risk. Investors are advised to keep stop-loss orders tight given volatility risks. As the first half of 2024 concludes, Canadian markets have shown resilience with a solid performance, particularly benefiting from sectors like technology and utilities. This positive momentum, coupled with favorable economic indicators and potential central bank rate cuts, sets an optimistic stage for investors looking at the remainder of the year. In such a market environment, identifying stocks that appear undervalued relative to their intrinsic value could be particularly compelling. Total other expense for the second quarter was $17.1 million versus $1.2 million for the comparable period, primarily due to the loss on the sale of Green Thumb's incredibles intellectual property and hemp business to Agrify. Momentum in gtii stock price appears supported by short covering activity. Data from last week’s market tape suggests large block trades occurring near resistance, possibly leading to a quick push above $1.50 before profit-taking ensues.
