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Holy cow, what's going on with this stock? CMTV volatility
I still don't own it, but continue to track it. I note an 8+ percent drop in a single DAY? But maybe I'm reading it wrong? The posted statistic on that day told me so, though. So, even if I'm misreading the chart, the reported numbers don't lie, anyhow. Charts make my head hurt.
Check the volume of its trades. Zero shares most days; others a couple of hundred; occasionally a couple thousand. Out of 5.42M shares; 5.21M public float. No wonder some trades greatly affect the price.
Check out the market cap. Around $103 M doesn’t even put it in small-cap territory. Very small companies’ stocks tend to be both speculative and volatile.
From the above: “Companies are typically divided according to market capitalization: large-cap ($10 billion or more), mid-cap ($2 billion to $10 billion), and small-cap ($300 million to $2 billion).”
Wow. .... So..... This is a regional BANK chain. Granted, it serves a not-so-very-populated area in Northern Vermont. But $103M market-cap would be a tiny, microcap entity, in corporate terms. I'd never have thought a bank could operate that way, at that scale, in this day and age! Thanks for the responses.
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The numbers: Typical market capitalizations
From the above: “Companies are typically divided according to market capitalization: large-cap ($10 billion or more), mid-cap ($2 billion to $10 billion), and small-cap ($300 million to $2 billion).”