Very simple.
First, fair bit of shares have been bought recently around 10c, placing orders in the queue at 13c locks 30% profit if the SP moves.
Second, there is a group of shareholders who are bagholding but not willing to sell at current price, hoping to get out with a little smaller loss and happy to sell at 13c or thereabouts. Depending on how large is this group it can put a limit to any SP increases in the near future.
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