Trouble is Hectorp once these peny shares lift-off,one tends to get the herd on the charge as has occured with VTB. Although, this has long term value as in the case of VTB & GLD imo.
In this case it seems that the MM could well have trouble getting stock unless they move the price well north, hence the big spread while trying to put buyers off.
It seems to me, it now has a floor and the MM will have to make another move to get the stock they must now need, if buying continues, as looks like the case.