Chancellor Group Inc (CHAG)

[wildcat18]

Price of CHAG

I just noticed the price of CHAG jumped from 0.025 to 0.052 in a few hours after the iOS app announcement. But then, looking at recent orders for the stock, there is an order for 0.0379 and then the very next (and most recent) order is for 0.0524. This doesn't make sense to me and reeks of market manipulation.

Is it possible that someone bought shares of CHAG for two times more than it was worth a few hours ago in an attempt to drive the price up? Maybe they have a large amount of shares ready to sell with a limit order of 0.05 and they are trying to drive up the price and find a buyer. Can someone with more knowledge on this subject make sense of this?