RE: MTZ.V up 58% today...why? I seen that too , its purely the volatility on a microcap penny stock . A bidder puts in a market order and takes out alot of over head Asking prices pushing the stock up big to the next level . only 43 500 shares traded . Even if all those shares were bought at the current price of .27 its only $12000 but it moves the market cap of the company up millions.
Look at BWD today 115 000 shares exchanged say at a price of .145 Thats only $16 675 but it dropped the stock 6% , market cap value of 2.5 million. Thats why with BWD the recent pop and drop doesn't change the overall picture of the stock and shows their isn't a lot of resistance above this share price .