There has been no company news in more than two months. Of course, a small ($40M market cap before the recent moves to $75M) is always going to have some volatile trading. With insiders owning 40%, medium size buy/sell orders can swing the price around. But volume has indeed picked up, with several recent days of more than 1M shares traded, and one more than 2M. This has been much higher than historical averages. There has been some recent insider activity (exercising options and selling shares acquired). Any comments here would only be speculative. A fund could be accumulating. ZDC does have a lot of debt, but sales are rising. We note that US trading has not nearly been as much as in Canada. The company was discussed (briefly) on BNN in mid March.
5i Research Answer: