The price setters for LWLG are traders, not investors. It's based on a chart breakout at this point and a lot of options activity on the deep OTM calls. Looking like a gamma squeeze to me and is another manifestation of retail-driven options mania, like GME and AMC. These things can go on for a long time and while I wish LWLG best of luck, I've seen spectacular collapses too, because when something runs up for no reason...