i think there's probably a bit of scepticism about the gap here - .03-.045? i looked at the depth a few times today - nothing available between those two numbers, looked to me (at the times i looked anyway) that sellers were (understandably) firmly holding out at the .045 opening price.
that gap's pretty big and most will be expecting some backtracking to fill - look at AJX after a great ann only a few days ago. i'll certainly be on-board AXT - when it reconciles back a little
and thats not to say the 4.5 and higher is not warranted (eventually) -- good news from PANR and hopefully more to come soon.
IMO
AXT Price at posting:
4.5¢ Sentiment: None Disclosure: Not Held