I think a lot a t+3 daytraders where buying this up in anticipation of a spike on announcement. When it was obvious there would be no spike today they couldn't get out fast enough. Pity management didn't have a JV/Co2 announcement a few hours after coming out of trading halt, that would have really thrown the cat amongst the pidgeons. Anyway I think this will be a good stock, just a matter of time and after today we probably won't see the daytraders playing with it to much, at least until we have indications of a JV/CO2 announcement, IMO.
ELK Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held