2m shares isn't lots of dumping, that's a drop in the ocean. whilst it might seem a lot to the everyday retailer, it's really just nothing, a lot of traders (short term/mid term etc.) will have such types of holdings.
likely a single trader or a few, closing their position to move into something that's moving now where as Silver prices have dropped off but the same traders will jump back in once silver and gold prices move back up and results for TMZ come out.
Wouldn't put much thought into it other than just traders moving positions around seeking immediate opportunity.
Just low volume sideways drifting around these levels which is tracking the silver price because for the moment that's the obvious catalyst that affects TMZ on a live action basis.
Patience game now really and waiting for drilling and silver/gold prices to begin their next bull run
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