This kind of price action happens all the time with stocks.
I have seen it happen many times before when companies put out a series of good announcements with a delayed reaction for a few weeks or months then suddenly after a series of good investor reports or recommendations suddenly there is a volume spike and following interest from investors not wanting to miss out.
The current price action has nothing to do with a leak of information,just traders that have sparked interest in this stock based originally on the constant reported info and recommendations getting around.
There would have been a lot of buyers on the sidelines not willing to take the plunge because of the mute reaction to good announcements but when the price started to move fear of missing out set in.
The share price should have touched the mid forties when drilling started,so just a bit of catch up at the moment.
Plenty of trading parcels being held at the moment so all the current gains could disappear in a heartbeat,not that most of us long termers would care.
LOM Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
