Daybreak Oil and Gas Inc (DBRM)

[xiws]

Day traders or what?
Avg daily volume over 1 yr is about 100,000 shares.
There is only about 45million out there, many locked within the company, etc.
In any case, at 100K/day, that would be a million ever two weeks.
At that rate there seems to be a lot of churn for a stock that isn't really going anywhere. Folks can't simply be buying at 10c and holding, because if they were, there would not be anything left out there to buy.
It's hard to imagine anything other than short-term day-trader like activity - buy at 10, sell at 11, and bank the penny. I guess that does add up to $500 on a 50,000 unit day.
But that still doesn't explain it well to me, in this case, since somebody else is buying it at 11, and selling it the next week at 10 - otherwise the cycle can't keep going.
Ahhh the stock market. An amazing thing...