It's simply shorters mischief afoot - they love small to mid cap stocks like this with relatively lower turnover and Insto interest, as they can push it around a lot easier and achieve great % intra-day swings I'm SP.
Only got to look at number of 6-9% daily SP swings in recent months to see a lovely traders target - enough liquidity for in/Out, but not enough liquidity to undermine where they want to bully the SP to.
I think everyone just needs to switch off from noise, be confident that the company's recent trading updates are extremely positive, and management's move to hold higher inventory than normal to de-risk supply chain risks looks like a master-stroke in light of current global supply chain risks.
Very comfortable buying at these levels - thank you mischief makers for the opportunity!!
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