Your theory sound like it’s a consciously set price. I doubt that: it’s just a general non-clarity in a current company position, low volume of trading, general investment climate.
Unlike many other green tech companies, BAT is yet to establish itself: have a real mine or a structured roadmap, have a money injection for the mine operations. Why would you pay more money without clarity on Corcel / Hautalampi plans. Just because of the company name? Nah.
With that said, I think so far company was delivering in a real good pace, keeping up to plans (except for the Corcel delay for an obvious pandemic reasons), so prospects are good.
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