Its capitulation daypeople locking in losses while others pick up their shares....it happens a lot with small micro caps.....the smart money is buying shares and the traders and new investors are getting fleeced out of their positions.....
Investors that are selling today will regret the decision of locking in their losses....all it takes is one news release of major contract or partnership and the price will spike up big time
Warren Buffet's saying.....the market is the transfer of wealth from the impatient to the patient.....he is a buy and hold kinda guy
Good Luck