Not sure about reading too much into yesterday's activity, volume was ~4% below 12-mth daily-average, only a ~3% movement in daily volatility, and only 1.6% change between daily-closes, and still only 82% of the 52-Wk High, room to move, just not yet I suspect...
Yesterday's Volume (050916): 206,126
AVG Volume: 212,940 (12 Mth Daily)
Definitely due for some movement, let''s hope it happens shortly, either a partnering ANN, or a T/Over buyout @ a commercially significantly value...
See PGH ANN yesterday, buyout @ 6.5 times EBIT, let's hope we get far better for VLA, forget EBIT, as we're still in trials, this one is all about 'growth' potential...
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