New buyer in the marketThis morning we had a single buyer through Pershing Securities in New York buy a block of 35,000 shares with a weighted average price of $1.483. They started buying at $1.45 and ran the price up to $1.50 by the time they got the order filled. Shows how the limited supply can affect the price when someone decides they want to take a meaningful position.
There is another 10,000 share open order sitting at $1.42 which looks to have set a floor on the trading today.
Cheers.
S