The 'market' is not made up of rational people who try to value...

The 'market' is not made up of rational people who try to value AVL based on future earnings. Most people bought shares because the price was going up. The same people sold their shares because the price was going down.

Interestingly, the price was 1.9 cents exactly a year ago, it moved up to 7 cents and now back down to 1.9 cents. I think the company is the same company with the same resources. Vanadium is still expected to have high demand/price.  I think the sentiment is the only variable which can explain the big change in price. I am actually hit bad this year even though I have been staying away from pumped up stocks.