I'm obviously just speculating, but I think there might be some stubborn resistance from the holders now. The fact there was no announcement recently has shaken the confidence of some investors. They have sold a lot of their stock at lower prices, which may have and been bought by more long term holders. This might mean there isn't a lot of 'loose' stock now on offer. There is approx 800000 shares on offer at 2.5c, but there isn't a lot besides this on offer. From 2.3-2.8c, there's less than 1.5million shares on offer. I think the volume will continue to be light now until there's a new announcement.
ALT Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
