I would assume that any spike in volume would be caused by people recognizing that PSBK is an undervalued beauty. Other than that I really don't know and most of the time a significant movement in a stock can be a complete mystery to me.

Of the banks I follow, I believe that PSBK along with CIBH and FMAR offer the best chance for some impressive gains and may even get back to their 2008 levels very soon. I think PSBK is going to follow along the same path as BNCC that went from 1.41 to 12.00 over the course of a year and shows signs of going even higher.

For a person with patience, I think these beaten down banks offer the most bang for their investment bucks.