Business
GameStop trade mania sends Aussie mining junior’s stock soaring – MINING.COM – MINING.com
The surge caught the company by surprise.
Silver futures prices and shares of silver miners also climbed after a user in Reddits popular WallStreetBets forum posted about executing a short squeeze on the precious metal.
WallStreetBets is the same investor board that started the wild short squeeze on Gamestop Corp. and other companies. Shares of the US videogame retailer have soared about 17-fold since January 12 as small investors, organizing on social media, have piled in and forced professional short-sellers to abandon their positions…
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