I think this is the 'time lag' effect, many saw and heard the news, checked the stock, saw it was sub-pennies and didn't buy, then checked it later and saw it went up so they are now buying in.
I can't wait until this goes to a penny then the rise will be by tenths of a cent instead of hundredths of a cent, then pennies, then dimes..... I'm making a bundle and holding long... Off to retirement land soon, very soon....