Float depth
Thin-float penny-stock spike and fade after an administrative headline session price path prior level market plumbing — the float redomicile headline post-close, neutral ticker & listing unchanged session demand ~1,000x normal profit-taking hits thin bids normal volume, ultra-low float — shares available to trade price per $ of demand high — tiny supply each $ hits the float no tether no fundamental anchor revenue · cash flow · assets — unchanged heavy annual share growth fade to reversion late chasers dilution + reversal risk no repeat catalyst