I'ts interesting
for a stock that is usually quiet uneventful.
MOC makes sense as does the silver mining etf SLIJ who doubled it holdings of Mandalay by 443,980 shares. Thanks Nick for that info.
That number accounts for just over half of the shares traded on mnd since Dec 1st (822,903 total shares)
Friday afternoon at 4:10 anonymous #1 bought 57,000 shares at $3.50 each. A total of 300,000 shares traded for the day.
If the etf was the reason for the last spike in price then without news we'll probably drip drip drip back down. I'm hoping there is more to this sudden interest in Mandalay.