Hard to tell the difference today with anemic level of trading going on. I'll bet there are a lot of hidden buyers ready to pounce on anyone willing to sell at a low price but everyone else is either nervous about pending news or just going to sit on the fence until it comes out.
So it's sideways and down a bit on low volume, doesn't affect anyone long. Maybe not forced down enough to scramble and add to position although FWR took a kicking today.
Until news I'm afraid we'll just bounce around under $6. Most of us are convinced Noront already has established a bottom value higher that this but seem to have run out of the money to take on any sellers.