I assume a lot of disgruntled holders started dumping the stock,...

I assume a lot of disgruntled holders started dumping the stock, pushing the SP down.
Happens often with stocks that weren't doing so good after consolidation.

It's also often the time companies reverse their fortunes and take off, making 100's of percent reversals.
Low MC and so on. Couple of good announcements and sentiment changes.

I for one, will wait and see what happens in the next few months. Some more exploration announcements to come.