That's the thing with low float stocks, they are extremely volatile as if penny stock weren't already. Takes a very little to move it down a lot and not too much buying to bring it up significantly. Of course if there are orders in the way to soak up the shares than the movements are less drastic.
All my posts are nothing more than my opinion. Please, do your research of fundamentals, technicals, and due diligence before investing in any stock -especially penny stocks as they are extremely volatile.