The table below is from yahoo finance over the last year. All...

The table below is from yahoo finance over the last year. All days with under 1.2m shares have been removed. This is therefore shows days when one or more big buyers / sellers has been present in the market and sufficient volume has existed for their orders to clear.

In early Feb someone wanted out and dumped millions of stock. Its not clear who that was but it didn't prompt substantial shareholder notices and pushed the price down to the 11-12c range. My guess was some of the Canadian flow-through shares were sold to crystalise the share loss available at the time but that is pure speculation. Someone also bought that stock which creates a buyer sitting on good short-term profits in a soft market. Some of the purchasers will have been average down buyers so their position is probably still be negative. Some of the buyers could have opportunistic special situations traders who would obviously exit again.

You are far more attuned to the thinking of short term traders than I ever will be, but they may have seen the short term failure to hold 20c as a time to take profits.

11 December 2023 announcements outline the recent flow-through share sale (39,477,680 new shares at 37c)