Its probably a short squeeze. There was a technical consolidation just around ma50, and the Kosmos-news could have been the lit that set fire to the outbreak. It doesnt take much money to move this share. I dont know what shorters think about penny stocks, is it worth shorting a stock trading below its cash position with an tiny average daily volume and a huge spread? No one can do it with serious money. Also it would be stupid to buy this one on insider information, since it must be quite simple to see whos buying big?
I also noticed that TXSO is up, and thats funny cause they dont have any assets in the gulf anymore if Im correct. They got 10% of Corvette in a settlement with GSPE, but GSPE then returned that lease to the government. Also TXSO is out of money.
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