If I had to venture a guess why the share price has slid back I'm comfortable to speculate that it's due to the large amount of money flowing into all the bio-tech pumps over the past weeks. Also partly that is common for IPOs that performed very well on listing to have a pullback over following weeks.
But back to first point, the reason why I think this is that all cannabis stocks have generally pulled back over this time frame but more importantly the trade volume has been significantly less. Who knows when that run will end but for investors in the cannabis space nothing has changed fundamentally, only that there is far less of a spotlight now.
This means either weak hands will cut their losses and sell (which on lower volume exasperates share price movements) or others will use this as an opportunity to add to their holdings. I personally bought a small parcel yesterday at 48 and will continue at add small ones. Next is on at 42.5.
All IMO, DYOR etc etc
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If I had to venture a guess why the share price has slid back...
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1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.701M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $21.28K | 1.120M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 424600 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 1731634 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 424600 | 0.019 |
2 | 290000 | 0.018 |
12 | 756700 | 0.017 |
5 | 500560 | 0.016 |
2 | 700000 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 1731634 | 4 |
0.021 | 1134101 | 5 |
0.022 | 1802196 | 3 |
0.023 | 560000 | 2 |
0.024 | 188900 | 1 |
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