Some traders spent $3400 on this stock today.
$3400? When is the last time you spent only $3400 on a trade? And today's volume was several trades, not one. Probably manipulators trading it back and forth between themselves to create the illusion of "volume."
Will momo players get drawn into this zombie stock as a result of 34 million volume? Maybe. But biotechs need news, and there is nothing happening to generate news for Radient. SRL stopped selling the test, Gartner can't get funding, and UNI pays only $100,000 per year no matter how many kits they manufacture and sell.
Meanwhile, the defaulted loans accrue interest. What is the debt now? Nobody knows because Radient doesn't file financials. Who thinks this kind of company is a good investment? A "big day" is $3400 traded.... Apparently, nobody thinks that.
