Speculation
Should we rule out this buying spree the result of the normal course issuer bid by AM itself ?
I don't know the precise rule, if they can chase up the stock as they wish, but let's have a look at the number of shares they are allowed to buy in a single session:
" Under the TSX rules and policies, Automodular is entitled on any trading day to purchase up to 33,702 common shares. Once a week, in excess of the daily 33,702 common share repurchase limit, Automodular may also purchase a block of shares not owned by an insider (i) having a purchase price of $200,000 or more, (ii) of at least 5,000 common shares having a purchase price of at least $50,000, or (iii) of at least 20 board lots of common shares which total 150 per cent of the average daily trading volume in accordance with TSX rules. "