Yep, in this stock is being played well by day traders and institutional holders. But note that there are many shorts here. As soon as stocks are sucked in by big boyz by 2-3 rounds of up and down , I expect it to trade at least 30-40 % book value, which is $ 2.5 - $ 4.00 range.
Disclaimer: Do not buy or sell based on my recommendation. I am not your financial advisor .My recommendations are based on my intuition, research or both and may be right or wrong.