This is stock is at the bottom. It can go lower or breakout higher. Personally, if I had this position, I would just hang on to it and wait. If it breaks out at around $0.71 on heavy volume, this stock could go much higher. Volatility would increase, increasing the value of the call option. Then, manage the trade by trailing stop losses (mental stop losses only). This is not a totally bad trade as you are risking only a small amount. Downside risk is how much? $0.56 assuming it goes bankrupt? Since, you bought calls, your risk on a worst case scenario is losing the value of the premiums you paid. Upside is multiples higher. Would have waited for the breakout higher to take a position though. I do not mind paying up if I know the stock is moving higher.
