its reasonable to conclude that the sharp jump in volume was probably momentum traders.
many canny day traders, if that's not a contradiction in terms, probably pencilled in a day such as today. . 2.5 weeks after spud. so time marched on (neverending) and they piled in.
i doubt drillers could generate that sort of volume seen today. it may have been some of those day traders who then sold out at 16 and pcoketed a tidy day' or week's "work?"
can't wait till end june after the results come in.
be free carried by then for sure.
AXT Price at posting:
16.0¢ Sentiment: ST Sell Disclosure: Held