RE:like a rock Price of stock seldom has anything to do with the company short-term. This is an illiquid stock with few buyers on a regular basis. Thus when a larger holder wants out or to just switch to another company it can have a dramatic impact on price.
I just looked at recent announcements and monthly reports, production is rising, costs don't seem to be a big issue so this may just be a buying opportunity. I have been buying all the way down but if the sellers keep pounding because they want out, could be an estate? cash need who knows.
Similar with BNE, small float, fluctuates daily back and forth. Eventually they will have no debt and start a dividend so that should help price wise but not in every case.
I see this company as a small start-up Peyto, same guys just different time frame but the risks are far less nowadays. When have you heard of a dry well lately?