RE: RE: $86M Equity Offeringtens of millions of shares were sold/bought during the recent market meltdown at below $1.80 and have recovered to $2 with liquidity. Many are looking at 20-30% gains in weeks and look to cash in, providing a wall of supply that needs be eaten. Once that is reduced, demand should provide good support to push through 50dma.
Remember the 200 dma is over $3 and with the right NR, may test it in coming months IMO.