Nope. Noontide is an active funds manager (as opposed to a...

Nope.

Noontide is an active funds manager (as opposed to a passive funds manager like ETFs and Index Funds). ERM is their 2nd largest holding in their Special Events and Small Caps Fund.

They have been accumulating since 2015 and I strongly suspect that their agent (J P Morgan) is/has been playing funny games behind the scenes with the SP whilst the "Accumulation Phase" is in progress.

IMHO, The TA of this stock is classic Wyckoff Accumulation Behaviour and Cycles. I do believe this stock is ready to spring...... or more precisely the spring was set when the SP dropped in to the high 7c close early last month.

Time will tell!

Cheers