This stock should trade about 10M shares per day (with almost 400M outstanding).....once a stock drops to penny land, share volume increases to get some dollar volume and make it worthwhile. so volume isn't surprising. And 50K shares isn't very big. $7-8K.
The initial dump had 1K lots being wrapped up into bigger lots. This thing should be trading in 50K or 100K round lots.
It looked like pretty balanced trade today. If 50K keeps hitting the ask, out of balance, it would move up a penny or so.
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I am positive on the trading, but more for the reason it has held .14-.15 very well, holding firm to a slight drift up rather than down over the last 4 days.
800K at .16 is interesting, be more interesting if it was a few rather than one order.
imho
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