I have seen similar penny --sub penny stocks do that---news on the third after 2 days of running causing a monster 3rd day in volume and pps range,, only to close lower than its opening-----bah humbug---then after a few trading days much lower when no more news--but, when there are follow up PRs , then much higher on lesser daily volume--
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.