Did you see that trade?BMO put in a buy for tens of thousands of shares at 11:59.
It was a market order.
The stock was offered .66, and the order took the stock to .70 in one minute.
Why on Earth would someone looking to buy this in size, relative to volume, put in a market order, rather than a limit order they could raise throughout the day?
The only possible answers are three.
Either the buyer is a novice, or the broker should be fired, or it was an attempt at manipulation.
As it turns out, they would have been filled going to .68.