$PSGR Why would a Penny Stock that has traded arou

$PSGR Why would a Penny Stock that has traded around $0.01/share for years suddenly jump to almost a dime/share? There has been no notification of any location starting to produce any precious or base metals. While Gold, Silver, and Copper are seeing excellent spot prices, it behooves the seller to have the products in hand. This is grossly lacking at a certain Penny Stock Company. There has been no notification/Press Release that indicates a very recent assay or assays of extremely rich precious metals ore at any of the mine/claim sites. Had this information been released to insiders and not the general public, there could be some major litigation. However, it is very unlikely that riches by way of a Mother Lode has occurred. The current spike in share price could very well be something as simple as a feeding frenzy. Someone heard from someone who heard it from a 3rd cousin that this Penny Stock was getting ready to explode. For those of you who have been around for a dozen or so years OR those who care to do some research, this share price spike is not unusual. We've seen it several times in the past and the share price has always gone back down to at or under ONE penny/share.
I would like to see this Penny Stock finally approach a respectable share price AND hold that price, but AFTER TWENTY PLUS YEARS OF NOTHING, I anticipate the same quick spike and collapse that has occurred time after time after time.
One final thought about the share price rise: The Company's (short term) financials look very nice compared to a month or two past. Dollar wise, the company is 'Worth' 10Xs what it was last year. If the price holds for a year or so, the company might get the financial backing it needs to start production at one of the mine/claim sites. I am not holding my breath as, with this company, History has a habit of repeating itself.