Before the news out of China....volume was a few hundred K with big jumps in the PPS, then the news came out.
Often when news comes out people will say, (no matter the stock)..."the news is already priced in". That's because its assumed there were people who were in the know and got in ahead of the news and drove the PPS higher.
Combining the otc and tsx volume puts us at a bit over 300K.....look back over the past few weeks and that's pretty high, for the entire month of May there were only 5 days with volume over 100K before today.
Hopefully we'll see this price driven up to a new 52 wk high ($4...$5?) and then get hit with some news that will justify the increased market cap. That's how I expect this will play out.