Ann: New Leadership, Operational Priorities and Strategic Review, page-78

It seemed like there was one large buyer. it was barely up 1.5% 10 minutes before close after being in the red earlier in the morning. And then the orders came in which pushed the sp to 70 cents at 4pm.


Then straight after 4pm a single order of 608,000 units was placed for 78 cents which led to a strong close of 72 cents.

I hope this is just accumulation by an institutional buyer and not due to information leak. The volume has been on the lower side lately which can make it difficult for a large buyer to accumulate without significantly moving the share price.

Continued rise in interest rates could also be a reason for increased interest in EML given most other small cap tech stocks are struggling.

I think ECB are due to meet tomorrow and also likely to raise rates.