RE:Low volume
It appears the share float is tightly held so there are few shares being offered for sale at these levels. The opening was a perfect example. An individual decided he must have a position today and so to get filled to the extent he wanted, he had to go to $0.80. If the stock traded a million shares a day, ie had more liquidity, this spike to the extreme would not likely have occurred. It did settle down somewhat after that. In fact the next sizable trade was 30,000 @ $0.50. The buyer was fortunate someone wanted to sell a chunk there after seeing it trade at $0.80. At about 10 AM eastern the bid was $0.55 ask $0.69. This large spread is another indication of illiquidity. At that time there was only 27,500 shares offered up to $5.00. In short, an illiquid stock is more likely to experience large swings quickly on low volume than one which trades millions of shares in a day, barring some significant material news. AIMO.