RE:VolumeTrade value rarely exceeds 500k on any typical day. So, if you put in a market order to buy with a million dollar, it could increase the share price by like 20% on any day or do the opposite with a sell order. But there is absolutely no cause at the moment for any rush buying to happen.
This stock could be trading at $3 or $4, yet it doesn't matter if it trades at $2. Investors brought the share price down here, so only thing to do is buy more shares if you think it is undervalued.
Nobody is rushing in to buy the stock, and unless that rush to buy environment is created, the share price won't go up as much.
No dividend is being paid and no possibility of a takeover with the majority ownership structure.
Asset sale announcement may be a factor, yet that's almost random, without the management giving out any information on the progress if any.
Oil is trading higher, yet this stock does not even increase 1:1 with the oil price, so no reason for people to buy this stock instead of the oil itself.
Everything is logic.
If you bought in at $2, you are happy because you will make 80% return if the price goes back to where Waterous bought in.