There is no real reason for the stock's price to be down other than the market makers bots took out stop losses 2 days in a row (as of this writing) and that leads to panic selling and short activity. When the dust settles, and people stop setting these stop losses (which they should stop doing)... stock will be in great shape once again!
Stop losses are a target for market maker bots. They set the bot's algorythms to take out these stop losses... and that's what is happening here. It' always a mistake to use stop losses with these super low priced stocks. It's much better to set "mental" stop losses and watch the stock closely thoughout the day.