The only thing I can think of is that the Conduit news is hitting the States.
Your suspicion of pump and dump event is always possible with the way the market has been for the last 15 years. 12 million shares, easy to manipulate.
The volume from the post earnings drop is about one third filled.
Things to look at are changes in short interest and insider purchases in the last two weeks.
I will not have time until well after closing.
I sold my 2500 shares this morning. Wish I held on for three more hours, but without any news, I wasn't sure what would happen. Hard to know why the spike in price. Today and tomorrow are Jewish holidays so I think the Israel stock market TASE is closed. So I have no idea why the price spike. After being in the red until yesterday's 10% rise, I didn't take any chances and sold. I may regret it, but at least I didn't lose any money and recouped all the sales commissions on the purchase and the sale. Good Luck.
slegermark - just checked several sites, no Insider trades reported (ever?!) . I recall that Hedge Funds do trade it, per InsiderMonkey dot cm . Share price now sits back down at 12.09. Decision time for me! I am in the green here but barely - after being red for a painful while.
Hate to be paranoid, but I have been burned by P&D before. Ouch, Yeah and dont like how it appears that large volume (big buyers) bought over the past 2 days, and now I see some large vol sells this afternoon, as price is coming back down.