That ain't mom n pop's money or even retail "whale" kinda coin.
This puppy - it's got options and MM's and hedge boy's dirty paw prints all over it !!
And based on what it just did - "they" (whoever the hell "they" are) are gonna run it higher from here IMO.
I think they're setting it up for a share offering- but they don't want this kind of pricing. They want institutional buyers which means BARE MIN $5 bucks a share and now I'd "guess" more like $10 a share and then they release a share offering news.
IF "they", whoever the hell they are can run it to say $10, then they only need to sell a lousy 10 mil shares and can raise $100 million and it won't even be a burp in the O/S share count.
THIS is getting "interesting" here now - to put it mildly !!