Moving averages or technicals don't matter in penny stocks. I do think groups are trading to each other, of course with a few retail investors joining in on the fun. The company is trying to raise additional capital funds and the idea is to get the price up as high as possible to attract and snag a clueless investor of which there still seem to be plenty of in this space.
Since you are just doing a fly by here it doesn't matter for you.
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