Q: what is the explanation for the unusual price swing yesterday ?
5i Research Answer:
The company announced that it would be releasing its Q2 earnings on August 7th after market yesterday. We do not see any other relevant news prompting the big drop yesterday. FORA had previously announced that it has qualified to trade on the OTCQX Best Market, an upgrade from the 'Pink Market.' This was announced last week however and did not likely have an impact in the price action yesterday.