I see a huge quantities of buy orders, but not so huge at sell. So there is not so big selling pressure, but big buying pressure. That's why price go up, but someone want cheapest shares.
In example:
149 000 shares buy order at 1.18$ and no sell order at this level.
24 000 shares sell order at 1.195$
28 000 shares sell order at 1.20$
17 500 sell order at 1.22$
and from 1.225 to 1.275$ there was only 27 000 sell orders
I see this every day for almost a week.
If everything goes positive, we should at first fill a 1.640$ gap.
Spot price is in inflection point:
This is my analysis of Peninsula for those, who don't saw it yet.
https://investb.pl/articles/peninsula-energy-analysis-eng
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