Two months ago this stock traded by appointment, with maybe 30,000 shares a day. Now that there's a liquid secondary, multiple near-term catalysts, a few 13D filings the stock has caught a bid and a bit more sponsorship. I wouldn't spend too much time on conspiracy theories or the usual refrain of blaming the market-makers (my favorite).
I agree ...I know I'm the new kid on the block here, but I am typlical cynical (attempt to be humorous)...that being said, I believe there is truth to your stmt that the stock is picking up bc there are now more shares in the pool to trade. Couple that with the near-term catalysts makes a good price movement.