Hi CH,
You said <"I think spikes occur just because it is (or at least has been the last several months) so thinly traded anyone wanting to obtain a meaningful position has an outsized effect.">
Actually, on the day the share price spiked up, about 3.95 million shares were traded on NASDAQ. That is about 45% of the total shares outstanding and over 250 times the average daily volume at that time. My guess is that this was a result of PRAN (and its MPAC technology) getting more good exposure in front of the scientific community at the recent AAIC. That exposure may have generated a lot of interest in PRAN from both scientists and business types.
Best Regards,
Simon
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