Heres what we know.
Acne phase 2 results only weeks away (and is a company maker/product/s validator.
CBD kills gram positive bacteria including P.Acnes which are the bacteria present in those nasty zits.
CBD is a powerful anti inflammatory
CBD reduces sebum (oil) production
CBD as a topical has no side effects (which will make physicians recommend our product ahead of the others)
It worked on humans in phase 1b studies.
It has veen shown to work in other studies conducted by OTC companies
Lots of anecdotal evidence shows it works.
We have seen selling like this before. It is most likely people locking in profits before the next results as some people are on spectacular gains now. This stock has always traded up and down in between anouncements....
patience will be rewarded in my opinion
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Last
40.0¢ |
Change
0.050(14.3%) |
Mkt cap ! $724.0M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 40.0¢ | 35.5¢ | $6.075M | 15.87M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 287187 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 1920397 | 33 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| BOT (ASX) Chart |