I think that a lot of day traders are in play looking only for the 0.005 profit, others have probably given up and wanted their capital back so they invest in something else.  I agree though in the long term ELR has a lot of upside potential with very little downside risk as Camaroni's post states the numbers clearly.  In the short/medium term there is also the possibility of a takeover (at this discount it is puzzling why ELR has not been taken out already).