Program trading/selling or not, they are mugs to be selling this stock at these levels. Undiluted market cap is $580M on a company that will make well in excess of $100M this year & is sitting on over $200M in cash. I would expect top see this stock back over $4.00 in weeks, not months. Also with the zinc price falling PEM is about 20% hedged so not only have they got some protection, they will get a MTM wind fall.
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